Could CHINESE ESTATES HOLDINGS LTD ORDINARY SH (OTCMKTS:CESTF) Change Direction After More Shorts?

The stock of CHINESE ESTATES HOLDINGS LTD ORDINARY SH (OTCMKTS:CESTF) registered an increase of 29.79% in short interest. CESTF’s total short interest was 18,300 shares in June as published by FINRA. Its up 29.79% from 14,100 shares, reported previously.

It closed at $1 lastly. It is up 0.00% since June 13, 2018 and is . It has underperformed by 4.43% the S&P500.

Chinese Estates Group is one of the leading property developers in Hong Kong. The company has market cap of $1.70 billion. Chinese Estates Holdings Limited is the holding firm of the Group and it is publicly listed on The Stock Exchange of Hong Kong Limited with stock code: 127. It currently has negative earnings. Chinese Estates' core businesses comprise of property investment for rental and property development for sale.

Another recent and important Chinese Estates Holdings Limited (OTCMKTS:CESTF) news was published by Seekingalpha.com which published an article titled: “Evergrande: Myths And Hidden Debt – Seeking Alpha” on November 16, 2015.

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