Economy

China Mobile Limited (NYSE:CHL) Shorts Up 11.58% - Currently Trading Up

China Mobile Limited (NYSE:CHL) Shorts Up 11.58% - Currently Trading Up”

Traders are a little more bearish on China Mobile Limited at least if you consider the rise in short interest. With short interest at 503,788 and short average daily volume at 520,533, days to cover is 1.0 and the short interest percentage is 0.00% as of August 31.

A few notable investment firms have updated their holdings. Ubs Group Ag claims 61,205 shares valued at $3,249,000. The value of the investment in CHL went from $55,000 to $3,249,000 increasing 5,807.3% quarter over quarter. Citic Securities soars 8.5%, amongst top performers on Hang Seng China Enterprises Index, as securities firms surge amid expectations of higher volume after China Financial Futures Exchange cut margin requirements and transaction fees for certain stock index futures. JFS Wealth Advisors LLC now owns 2,138 shares of the Wireless communications provider's stock worth $114,000 after buying an additional 342 shares during the period.

Cubist Systematic Strategies, LLC augmented its holdings by buying 10,264 shares an increase of 129.3% from 03/31/2017 to 06/30/2017. As of quarter end Nine Masts Capital Ltd had disposed of a total of 268,439 shares trimming its stake by 39.8%. The total value of its holdings increased 120.5%. Cubist Systematic Strategies, LLC now holds 18,200 shares with a value of $966,000. SRS Capital Advisors Inc. boosted its holdings in China Mobile (Hong Kong) by 67.1% in the 1st quarter.

Institutional investors and hedge funds own 1.97% of the company's stock. SRS Capital Advisors Inc. now owns 2,635 shares of the Wireless communications provider's stock worth $145,000 after purchasing an additional 1,058 shares in the last quarter.

BidaskClub has downgraded China Unicom (Hong Kong) Limited (ADR) (NYSE:CHU) to Hold in a report released on Tuesday June 20, 2017. The ex-dividend date has been established as Tuesday the 29th of August 2017.

Shares are trading at $52.45 a tad below $54.12, the stock's 50 day moving average and marginally under the 200 day moving average of $54.31. The dividend yield will be $5.39. The value of the total investment in China Mobile Limited decreased from $911,000 to $899,000 a change of $12,000 since the last quarter. The 50 day moving average was down $-0.62 and the 200 day average was up $0.19.

The company's P/E ratio is 12.81 and the market cap of the company is 214.79B.

According to Zacks, "China Mobile offers mobile communications services principally using Global System for Mobile Communications, or GSM, which is a pan-European mobile telephone system based on digital transmission and mobile communications network architecture with roaming capabilities". The Business's businesses primarily consist of voice business and data business. This is a positive change from China Mobile (Hong Kong)'s previous special dividend of $0.77. Its main businesses include Mobile businesses, Wireline Broadband businesses and Internet of Things (IoT) businesses.



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