TH International Limited (NASDAQ:THCH) Short Interest Down 20.3% in August

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) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 9,400 shares, a drop of 20.3% from the August 15th total of 11,800 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,900 shares, the short-interest ratio is presently 0.6 days. 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 shares of the stock are sold short.

TH International Stock Performance

Shares of NASDAQ THCH traded up $0.16 during midday trading on Monday, reaching $2.71. 60,190 shares of the stock were exchanged, compared to its average volume of 14,242. The stock has a 50 day moving average price of $2.66 and a 200-day moving average price of $2.75. TH International has a 52-week low of $1.95 and a 52-week high of $5.15.

TH International (NASDAQ:THCH - Get Free Report) last announced its earnings results on Tuesday, August 26th. The company reported ($0.17) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.17). The firm had revenue of $48.72 million for 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.