ChinaCache International Holdings Ltd (NASDAQ:CCIH) shares saw unusually-high trading volume on Tuesday . Approximately 738,018 shares traded hands during mid-day trading, an increase of 559% from the previous session’s volume of 112,066 shares.The stock last traded at $1.36 and had previously closed at $1.22.
A hedge fund recently bought a new stake in ChinaCache International stock. Granite Point Capital Management L.P. bought a new position in shares of ChinaCache International Holdings Ltd (NASDAQ:CCIH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 167,526 shares of the information services provider’s stock, valued at approximately $189,000. Granite Point Capital Management L.P. owned 0.63% of ChinaCache International as of its most recent filing with the Securities and Exchange Commission. 15.72% of the stock is owned by institutional investors.
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About ChinaCache International (NASDAQ:CCIH)
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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