Short Interest in ChinaCache International Holdings Ltd. (CCIH) Expands By 36.6%

ChinaCache International Holdings Ltd. (NASDAQ:CCIH) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 766,574 shares, an increase of 36.6% from the October 13th total of 561,139 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average daily volume of 285,557 shares, the short-interest ratio is presently 2.7 days.

Shares of ChinaCache International Holdings (NASDAQ CCIH) opened at $1.08 on Monday. ChinaCache International Holdings has a 12 month low of $0.72 and a 12 month high of $3.42.

A hedge fund recently raised its stake in ChinaCache International Holdings stock. Renaissance Technologies LLC lifted its holdings in ChinaCache International Holdings Ltd. (NASDAQ:CCIH) by 128.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,100 shares of the information services provider’s stock after buying an additional 119,300 shares during the quarter. Renaissance Technologies LLC owned 0.81% of ChinaCache International Holdings worth $331,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 32.34% of the company’s stock.

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ChinaCache International Holdings Company Profile

ChinaCache International Holdings Ltd. (ChinaCache) is a holding Company. The Company provides a portfolio of services and solutions to businesses, government agencies and other enterprises to manage the scalability of their online services and applications. Its across the nation service platform, which consists of its network, servers and software, is designed to handle planned and unplanned peaks without upfront and ongoing capital outlay and other investments on the part of its customers.

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