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

TH International Limited (NASDAQ:THCH) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 9,400 shares, a decline of 20.3% from the August 15th total of 11,800 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 15,900 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 15,900 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are sold short.

TH International Trading Up 0.2%

THCH opened at $2.58 on Friday. TH International has a 12 month low of $1.95 and a 12 month high of $5.15. The company has a market cap of $85.44 million, a P/E ratio of -1.69 and a beta of 0.53. The business’s 50-day moving average price is $2.68 and its 200-day moving average price is $2.77.

TH International (NASDAQ:THCH) last announced its quarterly earnings results on Tuesday, August 26th. The company reported ($0.17) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.17). The business had revenue of $48.72 million for the quarter, compared to analysts’ expectations of $53.98 million.

About TH International

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.