TH International Limited (NASDAQ:THCH) Short Interest Update

TH International Limited (NASDAQ:THCH) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 18,493 shares, a growth of 41.2% from the December 31st total of 13,095 shares. Based on an average trading volume of 6,009 shares, the days-to-cover ratio is presently 3.1 days. Based on an average trading volume of 6,009 shares, the days-to-cover ratio is presently 3.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TH International in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

TH International Stock Down 8.0%

Shares of NASDAQ THCH opened at $1.85 on Tuesday. The firm’s 50-day moving average price is $2.35 and its two-hundred day moving average price is $2.52. TH International has a 52-week low of $1.82 and a 52-week high of $3.62. The stock has a market capitalization of $66.70 million, a P/E ratio of -1.29 and a beta of 0.55.

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

Institutional Trading of TH International

A hedge fund recently raised its stake in TH International stock. Citadel Advisors LLC raised its position in shares of TH International Limited (NASDAQ:THCH) by 51.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,033 shares of the company’s stock after purchasing an additional 9,227 shares during the period. Citadel Advisors LLC owned 0.08% of TH International worth $71,000 at the end of the most recent quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.

TH International Company Profile

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.