Tsingtao Brewery Company Limited (OTCMKTS:TSGTF) Sees Significant Increase in Short Interest

Tsingtao Brewery Company Limited (OTCMKTS:TSGTF) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 3,900,600 shares, a growth of 78.1% from the October 15th total of 2,190,200 shares. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is presently 1,950.3 days.

Tsingtao Brewery Stock Performance

Tsingtao Brewery stock remained flat at $6.53 during midday trading on Wednesday. The business has a 50 day simple moving average of $6.61 and a 200-day simple moving average of $6.62. Tsingtao Brewery has a 12 month low of $4.89 and a 12 month high of $8.57.

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.