China s leading real estate firms have reported nearly $3 billion in foreign exchange losses for the first half of the year, mainly due to the depreciation of the yuan against the US dollar. This has further complicated their efforts to repay growing debts. The net foreign exchange losses for 24 of the top 30 Chinese developers totaled $2.75 billion. The weak yuan is seen as a result of increased liquidity and is adding to the financial burden for companies highly exposed to dollar debts.
CIFI Holdings (Group) Co. Ltd. (OTCMKTS:CFFHF – Get Rating) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totalling 52,800 shares, a decline of 94.8% from the April 15th total of 1,007,700 shares. Based on an average daily volume of 0 shares, the days-to-cover […]
CIFI Holdings (Group) Co. Ltd. (OTCMKTS:CFFHF – Get Rating) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 3,700 shares, a drop of 73.0% from the February 28th total of 13,700 shares. Based on an average trading volume of 0 shares, the days-to-cover […]