Code Chain New Continent Limited (NASDAQ:CCNC) Short Interest Down 58.4% in December

Code Chain New Continent Limited (NASDAQ:CCNC) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 272,300 shares, a drop of 58.4% from the December 15th total of 653,900 shares. Based on an average daily trading volume, of 1,360,000 shares, the short-interest ratio is presently 0.2 days. Approximately 1.1% of the shares of the company are short sold.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in Code Chain New Continent by 39.2% during the third quarter. Geode Capital Management LLC now owns 24,631 shares of the company’s stock worth $31,000 after buying an additional 6,936 shares during the last quarter. Jump Financial LLC purchased a new stake in Code Chain New Continent during the second quarter worth about $92,000. Morgan Stanley purchased a new stake in Code Chain New Continent during the second quarter worth about $304,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Code Chain New Continent in the second quarter worth about $326,000. Institutional investors and hedge funds own 19.22% of the company’s stock.

NASDAQ CCNC opened at $1.12 on Friday. Code Chain New Continent has a 52-week low of $0.89 and a 52-week high of $11.62. The company has a 50-day simple moving average of $1.21 and a 200 day simple moving average of $1.48.

Code Chain New Continent (NASDAQ:CCNC) last posted its quarterly earnings data on Monday, November 22nd. The company reported ($0.07) earnings per share (EPS) for the quarter. Code Chain New Continent had a negative return on equity of 79.57% and a negative net margin of 168.96%. The company had revenue of $2.67 million for the quarter.

Code Chain New Continent Company Profile

Code Chain New Continent Ltd. engages in the trading services. The company operates its business into two segments. Coal wholesales and Mobile gaming development. Coal wholesale segment engages in sale of coke, steels, construction materials, mechanical equipment and steel scrap. Mobile game development provides gaming development and electronic token services.

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