Short Interest in China Literature Limited (OTCMKTS:CHLLF) Declines By 22.6%

China Literature Limited (OTCMKTS:CHLLF) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 2,469,100 shares, a drop of 22.6% from the December 15th total of 3,189,500 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 24,691.0 days.

China Literature Price Performance

OTCMKTS CHLLF opened at $3.53 on Thursday. The business has a 50-day moving average price of $3.59 and a 200-day moving average price of $3.45. China Literature has a twelve month low of $3.47 and a twelve month high of $3.67.

China Literature Company Profile

China Literature Limited, an investment holding company, operates an online literature platform in the People's Republic of China. The company promotes intellectual properties primarily through its online literature platforms, such as QQ Reading and Qidian; and New Classics Media, a film and TV drama series production house.