ChinaCache International Holdin (NASDAQ:CCIH) Closed Much Higher Than Its 50 Day Moving Average

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The stock last traded at $1.15 much higher than $0.93, the stock’s 50 day moving average and quite a bit higher than the 200 day moving average of $1.03. The 50 day moving average was up $0.22 and the 200 day average was up $0.12. (NASDAQ:CCIH) shares saw light trading volume with 1,931 shares changing hands on Tuesday. Overall, volume was down 96.54% under the stocks normal daily volume.

Investors are feeling more bullish on ChinaCache International Holdin as indicated by the downtick in short interest. The firm saw a fall in short interest of -12.99% between September 15, 2017 and September 29, 2017. Short interest fell 79,973 over that period. Days to cover decreased -4.0 to 3.0 and the percentage of shorted shares is 0.02% as of September 29.

The following firms have recently changed their position in CCIH. Pioneer Investment Management Inc divested its holdings by selling 280,595 shares a decrease of 40.4% in the quarter. Pioneer Investment Management Inc controls 413,524 shares valued at $480,000. The total value of its holdings decreased 55.7%. As of quarter end Renaissance Technologies LLC had bought a total of 277,699 shares growing its holdings by 130.9%. The value of the investment in CCIH went from $331,000 to $568,000 increasing 71.6% for the reporting period.

As of the end of the quarter Keywise Capital Management Ltd had disposed of 12,100 shares trimming its position 7.4%. The value in dollars decreased from $255,000 to $176,000 a change of $79,000 since the last quarter. Cutler Group LP added to its position by buying 700 shares an increase of 233.3% as of 09/30/2017. Cutler Group LP owns 1,000 shares worth $0. The value of the position overall is down by 100.0%.

ChinaCache International Holdings Ltd. (ChinaCache), launched on June 29, 2005, is a holding Company. The Company provides a portfolio of services and solutions to businesses, government agencies and other enterprises to manage the scalability of their online services and applications. The Business’s across the nation service platform, which consists of its network, servers and software, is designed to handle planned and unplanned peaks without upfront and ongoing capital outlay and other investments on the part of its customers. It provides a portfolio of content and application delivery total solutions and solutions tailored to its customers’ needs. It provides various services that are offered on a standalone basis or combined as part of its integrated solutions, such as Web Page Content Services, File Transfer Services, Rich Media Streaming Services, Guaranteed Application Services, Managed Internet Data Services, ChinaCache Cloud Services, Content Bridging Services, Internet Exchange and Data Center Services, Mobile Internet Solutions, Value-added Services, Cloud Infrastructure Development and Customer-tailored Integrated Solutions..

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