Tsingtao Brewery Co. (OTCMKTS:TSGTY) Short Interest Down 66.7% in July

Key Points

• Tsingtao Brewery Co. experienced a 66.7% decrease in short interest in July, dropping to just 700 shares, which is 0.0% of the company’s total shares sold short.
• The stock price rose 2.9%, opening at $32.25, with a 52-week trading range of $25.05 to $42.19.
• Tsingtao Brewery has recently announced an increase in its dividend to $1.3332 from the previous dividend of $1.22, representing a significant dividend yield of 381.0%.

Tsingtao Brewery Co. (OTCMKTS:TSGTY - Get Free Report) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 700 shares, adropof66.7% from the July 15th total of 2,100 shares. Based on an average daily volume of 300 shares, the short-interest ratio is currently 2.3 days. Approximately0.0% of the company's stock are short sold. Approximately0.0% of the company's stock are short sold. Based on an average daily volume of 300 shares, the short-interest ratio is currently 2.3 days.

Tsingtao Brewery Stock Up 1.6%

Shares of TSGTY traded up $0.5315 during midday trading on Wednesday, reaching $32.7815. 1,909 shares of the stock were exchanged, compared to its average volume of 543. Tsingtao Brewery has a 12-month low of $25.05 and a 12-month high of $42.19. The firm has a 50 day simple moving average of $32.26 and a 200-day simple moving average of $34.02.

Tsingtao Brewery Company Profile

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.