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

Tsingtao Brewery Company Limited (OTCMKTS:TSGTF) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 741 shares, a decline of 98.1% from the August 15th total of 38,811 shares. Based on an average daily volume of 697 shares, the short-interest ratio is presently 1.1 days.

Tsingtao Brewery Trading Up 4.8%

OTCMKTS TSGTF traded up $0.23 on Thursday, reaching $5.00. The company had a trading volume of 7,299 shares, compared to its average volume of 3,499. Tsingtao Brewery has a 52 week low of $4.77 and a 52 week high of $7.14. The stock’s 50 day moving average is $5.48 and its 200-day moving average is $6.00.

About Tsingtao Brewery

Tsingtao Brewery Co, Ltd. is one of China’s oldest and most recognized beer producers, headquartered in Qingdao, Shandong Province. The company specializes in the brewing, packaging and distribution of a broad portfolio of beer brands, with a focus on pale lagers and specialty brews. Its operations encompass all stages of production, from raw material sourcing and fermentation to quality control and logistics, ensuring consistent taste and brand integrity.

The company’s flagship product, Tsingtao Lager, is brewed using spring water from the Laoshan Mountains and high-quality malted barley, resulting in a crisp and refreshing flavor profile.