Short Interest in TH International Limited (NASDAQ:THCH) Decreases By 28.6%

TH International Limited (NASDAQ:THCH - Get Free Report) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 16,200 shares, a decrease of 28.6% from the April 30th total of 22,700 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,500 shares, the days-to-cover ratio is presently 1.3 days.

TH International Stock Performance

Shares of NASDAQ:THCH traded down $0.01 during midday trading on Tuesday, hitting $2.78. The company's stock had a trading volume of 36,237 shares, compared to its average volume of 24,493. The company has a market cap of $92.25 million, a P/E ratio of -1.09 and a beta of 0.51. TH International has a 12-month low of $2.15 and a 12-month high of $6.00. The business's 50 day simple moving average is $2.68 and its 200 day simple moving average is $6.83.

TH International (NASDAQ:THCH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.19). The firm had revenue of $45.56 million during the quarter, compared to analyst estimates of $50.91 million.

TH International Company Profile

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.