Short Interest in TH International Limited (NASDAQ:THCH) Declines By 20.3%

Key Points

• The short interest in TH International Limited (NASDAQ:THCH) decreased by 20.3% in August, with total short interest falling to 9,400 shares as of August 31st.
• THCH stock is currently trading around $2.58, with a market capitalization of $85.45 million and a P/E ratio of -1.69.
• In its latest earnings report, TH International reported an EPS of ($0.17) and revenue of $48.72 million, missing analyst estimates of $53.98 million.

TH International Limited (NASDAQ:THCH - Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 9,400 shares, a decline of 20.3% from the August 15th total of 11,800 shares. Based on an average daily trading volume, of 15,900 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company's stock are sold short. Approximately 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 15,900 shares, the short-interest ratio is presently 0.6 days.

TH International Price Performance

THCH stock traded up $0.01 during midday trading on Thursday, hitting $2.58. The company's stock had a trading volume of 28,413 shares, compared to its average volume of 15,280. TH International has a twelve month low of $1.95 and a twelve month high of $5.15. The company's fifty day moving average price is $2.69 and its 200 day moving average price is $2.77. The stock has a market capitalization of $85.45 million, a P/E ratio of -1.69 and a beta of 0.53.

TH International (NASDAQ:THCH - Get Free Report) last issued its quarterly earnings results on Tuesday, August 26th. The company reported ($0.17) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.17). The business had revenue of $48.72 million during the quarter, compared to analyst estimates of $53.98 million.

About TH International

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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