TH International Limited (NASDAQ:THCH) Sees Large Decrease in Short Interest

TH International Limited (NASDAQ:THCH) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 60,400 shares, a drop of 67.0% from the November 30th total of 183,100 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 142,800 shares, the days-to-cover ratio is currently 0.4 days.

TH International Stock Performance

THCH stock traded up $0.02 during mid-day trading on Friday, reaching $0.75. 92,547 shares of the stock traded hands, compared to its average volume of 210,477. TH International has a one year low of $0.56 and a one year high of $1.81. The business has a 50-day moving average price of $0.76 and a two-hundred day moving average price of $0.72. The stock has a market capitalization of $123.61 million, a PE ratio of -1.46 and a beta of 0.50.

TH International (NASDAQ:THCH) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $51.28 million during the quarter.

Hedge Funds Weigh In On TH International

An institutional investor recently bought a new position in TH International stock. Jane Street Group LLC purchased a new position in shares of TH International Limited (NASDAQ:THCH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,122 shares of the company’s stock, valued at approximately $41,000. 91.85% of the stock is owned by institutional investors.

TH International Company Profile

TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company offers brewed tea, coffee, milk tea, lemonade, hot chocolate, and coffee drinks. It is also involved in franchise related business. The company is based in Shanghai, the People's Republic of China.