Short Interest in TH International Limited (NASDAQ:THCH) Declines By 16.4%

TH International Limited (NASDAQ:THCH) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 94,500 shares, a decline of 16.4% from the October 31st total of 113,000 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 140,400 shares, the short-interest ratio is currently 0.7 days.

TH International Price Performance

Shares of NASDAQ THCH opened at $0.90 on Monday. TH International has a one year low of $0.57 and a one year high of $2.30. The business’s 50-day moving average price is $0.76 and its two-hundred day moving average price is $0.76. The company has a market capitalization of $149.33 million, a P/E ratio of -1.76 and a beta of 0.33.

TH International (NASDAQ:THCH) last announced its quarterly earnings results on Thursday, August 29th. The company reported ($0.04) EPS for the quarter. The company had revenue of $50.48 million during the quarter.

Institutional Trading of TH International

An institutional investor recently bought a new position in TH International stock. Jane Street Group LLC purchased a new position in shares of TH International Limited (NASDAQ:THCH) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 50,122 shares of the company’s stock, valued at approximately $41,000. 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.