Short Interest in Chervon Holdings Limited (OTCMKTS:CHRHF) Declines By 41.8%

Chervon Holdings Limited (OTCMKTS:CHRHF) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 10,170 shares, a drop of 41.8% from the August 15th total of 17,489 shares. Based on an average daily volume of 146 shares, the days-to-cover ratio is presently 69.7 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Chervon to a “buy” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Chervon Stock Up 5.8%

Chervon stock opened at $3.65 on Friday. Chervon has a fifty-two week low of $1.93 and a fifty-two week high of $4.06. The stock’s 50 day simple moving average is $2.63 and its two-hundred day simple moving average is $2.38.

About Chervon

Chervon (OTCMKTS:CHRHF) is a global designer, manufacturer and marketer of professional and consumer power tools and outdoor power equipment. The company develops a diverse range of tools, including battery-powered, corded electric and gas-powered handheld products such as drills, impact drivers, saws, grinders, sanders and nailers, as well as outdoor equipment like lawn mowers, string trimmers and leaf blowers. Chervon markets its solutions under proprietary brands and also provides OEM production services for third-party customers.

Chervon’s brand portfolio encompasses multiple trademarks, including EGO Power+, Flex, Skil and ZALL.