Tsingtao Brewery Co. (OTCMKTS:TSGTY) Sees Large Decline in Short Interest

Key Points

• Tsingtao Brewery Co. experienced a significant drop in short interest, with totals falling from 300 shares to just 200 shares, marking a decline of 33.3% by September 30th.
• The company's stock is currently trading at $35.15, with a fifty-two week range between a low of $30.00 and a high of $38.70.
• Tsingtao Brewery is a leading producer and distributor of beer products, operating through seven regional segments, which includes markets in both mainland China and abroad.

Tsingtao Brewery Co. (OTCMKTS:TSGTY - ) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 200 shares, a decline of 33.3% from the September 15th total of 300 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 2.0 days. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 2.0 days.

Tsingtao Brewery Price Performance

Tsingtao Brewery stock opened at $35.15 on Wednesday. Tsingtao Brewery has a fifty-two week low of $30.00 and a fifty-two week high of $38.70. The firm's fifty day moving average price is $32.34 and its 200-day moving average price is $33.53.

About Tsingtao Brewery

Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products worldwide. It operates through seven segments: Shandong Region; South China Region; North China Region; East China Region; Southeast China Region; Hong Kong, Macau and Other Overseas Region; and Finance Company.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.