Tongcheng Travel Holdings Limited (OTCMKTS:TNGCF – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 963,527 shares, an increase of 90.0% from the June 15th total of 506,996 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.
Tongcheng Travel Stock Performance
Shares of TNGCF stock opened at $2.77 on Friday. The company has a 50 day moving average price of $2.80 and a 200-day moving average price of $2.80. Tongcheng Travel has a 52 week low of $2.61 and a 52 week high of $2.80.
About Tongcheng Travel
Tongcheng Travel (OTCMKTS:TNGCF) is a China-based online travel agency that offers a comprehensive suite of travel services to leisure and business customers. The company’s platform enables users to search for, compare and book a wide range of travel products, including domestic and international package tours, standalone hotel accommodations, transportation tickets, attraction admission vouchers and local guided excursions.
In addition to its core booking services, Tongcheng Travel provides ancillary travel solutions such as visa assistance, corporate travel management and meetings, incentives, conferences and exhibitions (MICE) support.
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