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C FIBER OPTIC (03777.HK) falls for 3 straight days, challenging 50 MA
2013-01-25 11:20:07

A fund company and a substantial shareholder reduced their stakes in C FIBER OPTIC (03777.HK)  +0.010 (0.435%)    Short selling $4.06M; Ratio 5.040%     when prices were high. The stock continued lower this morning, slipping 4% to $1.4 and once challenging 50 MA ($1.395).

Cathay Capital sold 1.5 million shares to cash in $2.44 million on January 14 while the chairman of C FIBER OPTIC sold down his interest to 42.22% for around $19.4 million, stock exchange information reveals.

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