Tsingtao Brewery Co. (OTCMKTS:TSGTY) Short Interest Up 200.0% in September

Key Points

• Tsingtao Brewery Co. experienced a remarkable increase in short interest, rising by 200.0% in September, totaling 300 shares compared to 100 shares at the end of August.
• The stock opened at $33.50 and has a 12-month range between $30.00 and $42.19, with a 50-day moving average of $32.07.
• The current days-to-cover ratio is 0.3 days based on an average daily volume of 1,100 shares.

Tsingtao Brewery Co. (OTCMKTS:TSGTY - ) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 300 shares, a growth of 200.0% from the August 31st total of 100 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is presently 0.3 days.

Tsingtao Brewery Price Performance

Shares of OTCMKTS TSGTY opened at $33.50 on Friday. Tsingtao Brewery has a 12-month low of $30.00 and a 12-month high of $42.19. The stock's 50 day simple moving average is $32.07 and its 200 day simple moving average is $33.81.

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.