Tsingtao Brewery Co. (OTCMKTS:TSGTY) Sees Significant Drop in Short Interest

Key Points

• Tsingtao Brewery Co. experienced a significant decrease in short interest, dropping from 800 shares to just 100 shares as of August 31st, a reduction of 87.5%.
• The stock price remained stable at $31.50 with a very low trading volume of only 34 shares compared to its average of 817 shares.
• Tsingtao Brewery operates in various segments, including regional markets in China and overseas, and focuses on the production and distribution of beer products.

Tsingtao Brewery Co. (OTCMKTS:TSGTY - Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 100 shares, a decrease of 87.5% from the August 15th total of 800 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company's shares are short sold. Approximately 0.0% of the company's shares are short sold. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is currently 0.1 days.

Tsingtao Brewery Price Performance

Tsingtao Brewery stock remained flat at $31.50 during midday trading on Tuesday. 55 shares of the company were exchanged, compared to its average volume of 554. Tsingtao Brewery has a 12 month low of $25.05 and a 12 month high of $42.19. The stock has a 50-day simple moving average of $32.11 and a two-hundred day simple moving average of $33.94.

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.