Tongcheng Travel Holdings Limited (OTCMKTS:TNGCF) Sees Significant Increase in Short Interest

Tongcheng Travel Holdings Limited (OTCMKTS:TNGCF) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 5,252,200 shares, an increase of 207.8% from the March 15th total of 1,706,100 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 5,835.8 days.

Tongcheng Travel Price Performance

Tongcheng Travel stock remained flat at $2.30 during midday trading on Tuesday. Tongcheng Travel has a 12-month low of $2.30 and a 12-month high of $2.30. The company’s 50 day moving average price is $2.30 and its 200-day moving average price is $2.29.

Tongcheng Travel Company Profile

Tongcheng Travel Holdings Limited, an investment holding company, provides travel related services in the People's Republic of China. The company offers transportation ticketing, accommodation reservation, attraction ticketing, and various ancillary value-added products and services. It also offers platform service of hotel business; and hotel management, business process outsourcing, information technology outsourcing, advertising, and insurance agency services.