TH International Limited (NASDAQ:THCH) Short Interest Update

TH International Limited (NASDAQ:THCH) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 14,552 shares, a growth of 95.3% from the November 30th total of 7,450 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 8,554 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 8,554 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TH International in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, TH International currently has a consensus rating of “Sell”.

TH International Stock Performance

TH International stock opened at $2.23 on Friday. The firm has a market capitalization of $73.83 million, a PE ratio of -1.56 and a beta of 0.55. The business’s 50-day simple moving average is $2.50 and its 200-day simple moving average is $2.63. TH International has a 52 week low of $1.95 and a 52 week high of $3.82.

TH International (NASDAQ:THCH) last posted its quarterly earnings data on Tuesday, December 9th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.09). The firm had revenue of $50.29 million during the quarter, compared to the consensus estimate of $55.48 million.

Institutional Trading of TH International

An institutional investor recently raised its position in TH International stock. Susquehanna International Group LLP lifted its stake in TH International Limited (NASDAQ:THCH) by 170.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,743 shares of the company’s stock after buying an additional 18,731 shares during the period. Susquehanna International Group LLP owned about 0.09% of TH International worth $78,000 at the end of the most recent reporting period. 91.85% of the stock is owned by institutional investors.

About TH International

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.