Short Interest in TH International Limited (NASDAQ:THCH) Declines By 16.6%

TH International Limited (NASDAQ:THCH - Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 111,200 shares, a drop of 16.6% from the September 30th total of 133,300 shares. Approximately 0.3% of the company's stock are sold short. Based on an average daily trading volume, of 70,200 shares, the short-interest ratio is presently 1.6 days.

TH International Stock Performance

Shares of THCH stock traded up $0.03 on Monday, reaching $0.69. 59,490 shares of the company's stock traded hands, compared to its average volume of 219,889. The company has a market capitalization of $114.98 million, a P/E ratio of -1.17 and a beta of 0.31. TH International has a 12-month low of $0.57 and a 12-month high of $2.30. The business's 50 day moving average price is $0.70 and its two-hundred day moving average price is $0.82.

TH International (NASDAQ:THCH - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $50.48 million during the quarter.

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.