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Zazove Associates LLC Decreases Position in TH International Limited (NASDAQ:THCH)

TH International logo with Retail/Wholesale background

Key Points

  • Zazove Associates LLC has significantly reduced its stake in TH International Limited by 80.8% in Q1, now holding 254,426 shares valued at approximately $745,000.
  • TH International's share price opened at $2.74, reflecting a 1.9% increase with a market cap of $90.91 million.
  • The company operates Tim Hortons coffee shops primarily in China, Hong Kong, and Macau, offering a range of beverages and franchise services.
  • Want stock alerts on TH International? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Zazove Associates LLC cut its holdings in TH International Limited (NASDAQ:THCH - Free Report) by 80.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 254,426 shares of the company's stock after selling 1,072,725 shares during the quarter. Zazove Associates LLC owned 0.77% of TH International worth $745,000 as of its most recent SEC filing.

TH International Price Performance

NASDAQ THCH traded down $0.03 during trading hours on Friday, hitting $2.56. 7,174 shares of the company were exchanged, compared to its average volume of 11,528. TH International Limited has a 52-week low of $1.95 and a 52-week high of $5.15. The company has a 50 day moving average of $2.83 and a two-hundred day moving average of $2.86.

TH International Profile

(Free Report)

TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company offers brewed tea, coffee, milk tea, lemonade, hot chocolate, and coffee drinks. It is also involved in franchise related business. The company is based in Shanghai, the People's Republic of China.

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