Short Interest in Tsingtao Brewery Company Limited (OTCMKTS:TSGTF) Declines By 64.0%

Tsingtao Brewery Company Limited (OTCMKTS:TSGTF) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 282,600 shares, a decline of 64.0% from the August 15th total of 785,700 shares. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is currently 108.7 days.

Tsingtao Brewery Price Performance

OTCMKTS:TSGTF traded down $0.64 on Friday, reaching $4.89. The company’s stock had a trading volume of 1,201 shares, compared to its average volume of 3,049. Tsingtao Brewery has a 12-month low of $4.89 and a 12-month high of $8.43. The stock has a 50 day moving average price of $5.89 and a 200 day moving average price of $6.58.

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.