Short Interest in Chorus Limited (OTCMKTS:CHRYY) Decreases By 66.7%

Chorus Limited (OTCMKTS:CHRYY) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 100 shares, a decrease of 66.7% from the December 31st total of 300 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is currently 0.1 days.

Chorus Stock Performance

OTCMKTS CHRYY traded up $0.39 during trading on Thursday, hitting $23.59. The stock had a trading volume of 595 shares, compared to its average volume of 657. The company’s 50-day moving average price is $24.55 and its two-hundred day moving average price is $25.17. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 4.95. Chorus has a 12 month low of $20.85 and a 12 month high of $28.24.

Wall Street Analysts Forecast Growth

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

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.