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 December. As of December 15th, there was short interest totalling 60,400 shares, a decline of 67.0% from the November 30th total of 183,100 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 142,800 shares, the days-to-cover ratio is currently 0.4 days.

TH International Stock Up 3.3 %

TH International stock traded up $0.02 during trading hours on Thursday, hitting $0.74. The stock had a trading volume of 11,163 shares, compared to its average volume of 210,894. The stock has a market cap of $123.41 million, a price-to-earnings ratio of -1.46 and a beta of 0.50. The business’s 50 day simple moving average is $0.76 and its 200-day simple moving average is $0.72. TH International has a one year low of $0.56 and a one year high of $1.82.

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

Institutional Trading of TH International

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

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.