TDH Holdings, Inc. (NASDAQ:PETZ – Get Rating) was the target of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 303,700 shares, a decrease of 18.3% from the May 15th total of 371,500 shares. Based on an average trading volume of 6,020,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.2% of the company’s stock are sold short.
Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new position in TDH during the 4th quarter worth approximately $90,000. Invesco Ltd. purchased a new position in TDH during the 2nd quarter worth approximately $83,000. Squarepoint Ops LLC purchased a new position in TDH during the 4th quarter worth approximately $140,000. Millennium Management LLC purchased a new position in TDH during the 4th quarter worth approximately $157,000. Finally, Virtu Financial LLC purchased a new position in TDH during the 4th quarter worth approximately $174,000. Hedge funds and other institutional investors own 49.98% of the company’s stock.
NASDAQ:PETZ traded down $0.02 during mid-day trading on Friday, reaching $2.13. 1,300 shares of the stock were exchanged, compared to its average volume of 433,358. The company has a 50 day simple moving average of $5.15 and a 200-day simple moving average of $25.08. TDH has a 1 year low of $2.07 and a 1 year high of $188.00.
TDH Holdings, Inc, together with its subsidiaries, develops, manufactures, and sells pet food products for pet owners in the People's Republic of China, Asia, Europe, and North America. The company offers approximately 200 products, which include 6 product lines consisting of pet chews, dried pet snacks, wet canned pet food, dental health snacks, baked pet biscuits, and other products, as well as non-food items, such as dog leashes, pet toys, etc.
- Get a free copy of the StockNews.com research report on TDH (PETZ)
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