China Literature Limited (OTCMKTS:CHLLF) Sees Large Drop in Short Interest

China Literature Limited (OTCMKTS:CHLLF) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 2,469,100 shares, a drop of 22.6% from the December 15th total of 3,189,500 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 24,691.0 days.

China Literature Stock Performance

China Literature stock remained flat at $3.53 during midday trading on Friday. The company had a trading volume of 11,800 shares, compared to its average volume of 450. China Literature has a 12-month low of $3.47 and a 12-month high of $3.67. The stock has a fifty day simple moving average of $3.59 and a two-hundred day simple moving average of $3.45.

China Literature Company Profile

China Literature Limited, an investment holding company, operates an online literature platform in the People's Republic of China. The company promotes intellectual properties primarily through its online literature platforms, such as QQ Reading and Qidian; and New Classics Media, a film and TV drama series production house.