HUTCHISON CHINA/S (NASDAQ:HCM) was the recipient of a large decrease in short interest in the month of March. As of March 29th, there was short interest totalling 1,928,703 shares, a decrease of 27.1% from the March 15th total of 2,646,286 shares. Based on an average trading volume of 119,951 shares, the days-to-cover ratio is currently 16.1 days.

Several research analysts have weighed in on HCM shares. Deutsche Bank started coverage on shares of HUTCHISON CHINA/S in a report on Monday, March 4th. They issued a “buy” rating and a $26.82 price target on the stock. Zacks Investment Research cut shares of HUTCHISON CHINA/S from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. BidaskClub cut shares of HUTCHISON CHINA/S from a “hold” rating to a “sell” rating in a report on Thursday, February 7th. HSBC started coverage on shares of HUTCHISON CHINA/S in a report on Wednesday, March 27th. They issued a “buy” rating on the stock. Finally, ValuEngine cut shares of HUTCHISON CHINA/S from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $26.82.

Several large investors have recently made changes to their positions in HCM. Macquarie Group Ltd. acquired a new position in shares of HUTCHISON CHINA/S during the 4th quarter worth approximately $46,000. Quantamental Technologies LLC acquired a new position in shares of HUTCHISON CHINA/S during the 4th quarter worth approximately $48,000. Bank of Montreal Can grew its position in shares of HUTCHISON CHINA/S by 238.5% during the 4th quarter. Bank of Montreal Can now owns 4,400 shares of the company’s stock worth $102,000 after purchasing an additional 3,100 shares in the last quarter. QS Investors LLC acquired a new position in shares of HUTCHISON CHINA/S during the 4th quarter worth approximately $139,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of HUTCHISON CHINA/S during the 4th quarter worth approximately $154,000. Hedge funds and other institutional investors own 16.57% of the company’s stock.

HUTCHISON CHINA/S stock opened at $31.36 on Tuesday. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of -55.02 and a beta of 1.11. The company has a current ratio of 4.33, a quick ratio of 4.19 and a debt-to-equity ratio of 0.06. HUTCHISON CHINA/S has a twelve month low of $20.83 and a twelve month high of $39.68.

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About HUTCHISON CHINA/S

Hutchison China MediTech Limited, a commercial-stage biopharmaceutical company, engages in discovery, development, and commercialization of targeted therapeutics and immunotherapies for oncology and immunological diseases in the People's Republic of China and Hong Kong. The company operates through Innovation Platform and Commercial Platform segments.

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