TH International Limited (NASDAQ:THCH) Short Interest Down 23.6% in March

TH International Limited (NASDAQ:THCH) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 10,700 shares, a decline of 23.6% from the February 28th total of 14,000 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 17,200 shares, the short-interest ratio is currently 0.6 days.

TH International Stock Performance

Shares of THCH opened at $3.02 on Tuesday. The business’s fifty day moving average price is $3.10 and its two-hundred day moving average price is $11.77. The firm has a market capitalization of $100.35 million, a price-to-earnings ratio of -1.19 and a beta of 0.52. TH International has a 52 week low of $2.78 and a 52 week high of $7.20.

Hedge Funds Weigh In On TH International

An institutional investor recently bought a new position in TH International stock. Jane Street Group LLC bought a new stake in TH International Limited (NASDAQ:THCH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 50,122 shares of the company’s stock, valued at approximately $41,000. Institutional investors and hedge funds own 91.85% of the company’s stock.

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.