TH International Limited (NASDAQ:THCH) Sees Significant Increase in Short Interest

TH International Limited (NASDAQ:THCH) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 14,552 shares, a growth of 95.3% from the November 30th total of 7,450 shares. Based on an average trading volume of 8,554 shares, the short-interest ratio is currently 1.7 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 8,554 shares, the short-interest ratio is currently 1.7 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TH International stock. Citadel Advisors LLC grew its position in shares of TH International Limited (NASDAQ:THCH) by 51.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,033 shares of the company’s stock after buying an additional 9,227 shares during the quarter. Citadel Advisors LLC owned 0.08% of TH International worth $71,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 91.85% of the company’s stock.

TH International Price Performance

NASDAQ:THCH opened at $2.23 on Friday. The firm has a market capitalization of $73.83 million, a P/E ratio of -1.56 and a beta of 0.55. TH International has a one year low of $1.95 and a one year high of $3.82. The company’s 50-day simple moving average is $2.50 and its 200 day simple moving average is $2.63.

TH International (NASDAQ:THCH) last released its earnings results on Tuesday, December 9th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.09). The firm had revenue of $50.29 million during the quarter, compared to analysts’ expectations of $55.48 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TH International in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.