ChinaCache International (CCIH) Shares Gap Down to $3.05

ChinaCache International Holdings Ltd (NASDAQ:CCIH) shares gapped down before the market opened on Thursday . The stock had previously closed at $3.74, but opened at $3.05. ChinaCache International shares last traded at $1.94, with a volume of 12804199 shares changing hands.

An institutional investor recently raised its position in ChinaCache International stock. Renaissance Technologies LLC lifted its position in ChinaCache International Holdings Ltd (NASDAQ:CCIH) by 128.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 212,100 shares of the information services provider’s stock after buying an additional 119,300 shares during the period. Renaissance Technologies LLC owned approximately 0.81% of ChinaCache International worth $331,000 at the end of the most recent reporting period. 31.27% of the stock is owned by institutional investors and hedge funds.

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ChinaCache International Company Profile

ChinaCache International Holdings Ltd. (ChinaCache) 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. Its 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.

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