Chanson International Holding (NASDAQ:CHSN) Sees Large Drop in Short Interest

Chanson International Holding (NASDAQ:CHSN) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 63,100 shares, a decline of 49.6% from the March 15th total of 125,200 shares. Based on an average daily volume of 4,950,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Chanson International stock. Schonfeld Strategic Advisors LLC bought a new stake in Chanson International Holding (NASDAQ:CHSN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,400 shares of the company’s stock, valued at approximately $114,000. Schonfeld Strategic Advisors LLC owned 0.33% of Chanson International at the end of the most recent quarter. Hedge funds and other institutional investors own 2.83% of the company’s stock.

Chanson International Stock Down 2.9 %

CHSN stock traded down $0.01 during midday trading on Wednesday, hitting $0.29. The stock had a trading volume of 432,418 shares, compared to its average volume of 1,534,199. Chanson International has a 52 week low of $0.18 and a 52 week high of $15.55. The stock has a 50-day simple moving average of $0.30 and a 200 day simple moving average of $4.65.

Chanson International Company Profile

Chanson International Holding manufactures and sells a range of bakery products, seasonal products, and beverage products for individual and corporate customers. It offers packaged bakery products, such as cakes, bread, sweets, and snacks; birthday cakes; made-in-store pastries; mooncakes and zongzi products; and other products, including sandwiches, salads, toasts, croissants, soups, and desserts, as well as beverages and juice products.