Short Interest in Collier Creek Holdings (NYSE:CCH) Increases By 11.4%
Collier Creek Holdings (NYSE:CCH) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 290,500 shares, a growth of 11.4% from the June 30th total of 260,700 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 983,000 shares, the days-to-cover ratio is currently 0.3 days.
Separately, DA Davidson started coverage on shares of Collier Creek in a research report on Thursday, July 2nd. They set a “buy” rating and a $17.00 price target on the stock.
Shares of NYSE CCH traded down $0.20 during midday trading on Friday, hitting $13.38. 2,184,018 shares of the company traded hands, compared to its average volume of 548,425. Collier Creek has a 12-month low of $9.84 and a 12-month high of $14.71.
A number of large investors have recently bought and sold shares of CCH. Elephas Investment Management Ltd bought a new stake in Collier Creek during the second quarter worth about $1,260,000. DAVENPORT & Co LLC bought a new stake in Collier Creek during the second quarter worth about $893,000. M&T Bank Corp bought a new stake in Collier Creek during the second quarter worth about $576,000. Cambridge Investment Research Advisors Inc. bought a new stake in Collier Creek during the second quarter worth about $161,000. Finally, Emerald Advisers LLC bought a new stake in Collier Creek during the second quarter worth about $132,000. 57.52% of the stock is currently owned by institutional investors and hedge funds.
Collier Creek Company Profile
Collier Creek Holdings does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company focuses on searching for a business in the consumer goods industry and related sectors.
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