Tsingtao Brewery Company Limited (OTCMKTS:TSGTF) Sees Significant Decline in Short Interest

Tsingtao Brewery Company Limited (OTCMKTS:TSGTF – Get Rating) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 112,100 shares, a decrease of 37.7% from the February 13th total of 180,000 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is presently 20.8 days.

Tsingtao Brewery Stock Performance

TSGTF stock opened at $10.12 on Friday. The stock’s 50 day moving average is $9.96 and its 200-day moving average is $9.32. Tsingtao Brewery has a twelve month low of $6.78 and a twelve month high of $10.48.

Tsingtao Brewery Company Profile

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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.