Chorus Limited (OTCMKTS:CHRYY) Sees Significant Decline in Short Interest

Chorus Limited (OTCMKTS:CHRYY) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 100 shares, a drop of 75.0% from the October 31st total of 400 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised shares of Chorus from a “strong sell” rating to a “hold” rating in a research report on Sunday, October 13th.

Chorus Price Performance

OTCMKTS CHRYY remained flat at $25.94 during trading on Thursday. The company’s stock had a trading volume of 47 shares, compared to its average volume of 564. Chorus has a one year low of $20.85 and a one year high of $28.24. The business’s 50 day simple moving average is $26.45 and its two-hundred day simple moving average is $24.59. The company has a debt-to-equity ratio of 4.95, a current ratio of 0.37 and a quick ratio of 0.37.

About Chorus

Chorus Limited, together with its subsidiaries, engages in the provision of fixed line communications infrastructure services in New Zealand. It offers phone and broadband services for residential and business customers; data and voice services; and solutions for transport and infrastructure. The company also builds and maintains a network of fibre and copper cables, local telephone exchanges, and cabinets.