ChinaCache International (CCIH) Sees Strong Trading Volume

ChinaCache International Holdings Ltd (NASDAQ:CCIH) shares saw an uptick in trading volume on Thursday . 2,908,372 shares were traded during mid-day trading, an increase of 311% from the previous session’s volume of 707,340 shares.The stock last traded at $1.32 and had previously closed at $1.23.

The company has a debt-to-equity ratio of -0.43, a current ratio of 0.56 and a quick ratio of 0.56.

An institutional investor recently raised its position in ChinaCache International stock. Renaissance Technologies LLC increased its stake in ChinaCache International Holdings Ltd (NASDAQ:CCIH) by 23.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 924,699 shares of the information services provider’s stock after buying an additional 177,600 shares during the quarter. Renaissance Technologies LLC owned approximately 3.61% of ChinaCache International worth $1,563,000 as of its most recent SEC filing. Institutional investors and hedge funds own 21.75% of the company’s stock.

ChinaCache International Company Profile

ChinaCache International Holdings Ltd., an investment holding company, provides content and application delivery services in the People’s Republic of China. The company offers a portfolio of services and solutions to businesses, government agencies, and other enterprises to enhance the reliability and scalability of their online services and applications.

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