China Commercial Credit, Inc. (NASDAQ:CCCR) Stock Traded 27.8% Above Its 50 Day Moving Average

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Shares are trading at $3.65 well above the 50 day moving average which is $2.86 and which is impressively higher than the 200 day moving average of $2.64. The 50 day moving average went up by +27.7941% whereas the 200 day moving average was up $1.01 or +38.2725%. Trading was light with 4,617 shares changing hands by the end of trading on Tuesday. Overall, volume was down 99.44% under the stocks normal daily volume.

Investors are more bullish of late considering the motion in short interest. The firm saw a fall in short interest of -16.05% between September 15, 2017 and September 29, 2017. Short interest decreased 47,170 over that timeframe. The days to cover decreased to 10.0 and the short interest percentage is 0.01% as of September 29.

There has been some buying insider activity on China Commercial Credit, Inc. (NASDAQ:CCCR) recently. CFO Long Yi purchased 11,000 shares at an average price of $2.64 on Thu the 31st. That brings Yi’s holdings to $1,290,630 as recorded in a recent Form 4 SEC filing.

A few notable investment firms have updated their holdings. Ubs Group Ag reduced its holdings by shedding 186 shares a decrease of 17.1%. Ubs Group Ag controls 901 shares with a value of $1,000. The value of the position overall is down by 0.0%. Renaissance Technologies LLC trimmed its investment by selling 9,500 shares a decrease of 10.8% as of 03/31/2017. Renaissance Technologies LLC claims 78,600 shares worth $82,000. The total value of its holdings decreased 15.5%.

Morgan Stanley bolstered its stake by buying 3,983 shares an increase of 23,429.4% from 03/31/2016 to 06/30/2017. Morgan Stanley currently owns 4,000 shares valued at $13,000. The total value of its holdings increased inf%.

China Commercial Credit, Inc., launched on December 19, 2011, is involved in offering financial services in China. The Business’s operations consist of providing direct loans, loan guarantees and financial leasing services to small-to-medium sized businesses (SMEs), farmers and individuals in the city of Wujiang, Jiangsu Province. The Business’s loan and loan guarantee business is conducted through Wujiang Luxiang Rural Microcredit Co., Ltd., a microcredit company. Its financial leasing business is conducted through Pride Financial Leasing (Suzhou) Co. Ltd (PFL), its wholly owned subsidiary. The Company has three business lines, lending, guarantee and financial leasing. For its lending and guarantee services, it provides direct loans and guarantee services, to borrowers located within City of Wujiang, Jiangsu Province of China. In its direct loan business, it provides short-term loans to the borrowers and generates interest income. In its guarantee business, it acts as a guarantor to borrowers applying for short-term direct loans with other lenders and generates fee income..