Short Interest in TH International Limited (NASDAQ:THCH) Rises By 27.9%

TH International Limited (NASDAQ:THCH) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 338,200 shares, a growth of 27.9% from the March 31st total of 264,400 shares. Based on an average trading volume of 393,900 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.1% of the company’s shares are sold short.

Institutional Investors Weigh In On TH International

A hedge fund recently raised its stake in TH International stock. Zazove Associates LLC increased its holdings in shares of TH International Limited (NASDAQ:THCH) by 26.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,376,465 shares of the company’s stock after purchasing an additional 285,386 shares during the quarter. Zazove Associates LLC owned approximately 3.19% of TH International worth $2,409,000 at the end of the most recent quarter. Institutional investors own 91.85% of the company’s stock.

TH International Trading Up 1.8 %

Shares of THCH opened at $1.14 on Monday. The stock has a 50-day simple moving average of $1.20 and a 200-day simple moving average of $1.52. TH International has a 1 year low of $0.84 and a 1 year high of $4.91.

TH International (NASDAQ:THCH) last posted its earnings results on Thursday, April 18th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $55.10 million for the quarter. TH International had a negative return on equity of 1,859.11% and a negative net margin of 55.72%.

About TH International

TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company is based in Shanghai, the People's Republic of China. TH International Limited is a subsidiary of Tim Hortons Inc