Tsingtao Brewery Company Limited (OTCMKTS:TSGTY) Sees Large Increase in Short Interest

Tsingtao Brewery Company Limited (OTCMKTS:TSGTYGet Rating) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 900 shares, a growth of 50.0% from the April 15th total of 600 shares. Based on an average daily volume of 7,000 shares, the days-to-cover ratio is presently 0.1 days.

Shares of TSGTY opened at $38.26 on Friday. The stock has a 50 day moving average price of $39.40 and a two-hundred day moving average price of $42.95. The firm has a market capitalization of $10.44 billion, a P/E ratio of 24.40 and a beta of 0.69. Tsingtao Brewery has a 52 week low of $36.00 and a 52 week high of $57.34.

About Tsingtao Brewery (Get Rating)

Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products worldwide. It operates through seven segments: Shandong Region; South China Region; North China Region; East China Region; Southeast China Region; Hong Kong, Macau and Other Overseas Region; and Finance Company.

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