TH International Limited (NASDAQ:THCH) Sees Large Decline in Short Interest

TH International Limited (NASDAQ:THCH) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 10,700 shares, a decrease of 23.6% from the February 28th total of 14,000 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 17,200 shares, the days-to-cover ratio is presently 0.6 days.

TH International Stock Performance

Shares of NASDAQ THCH opened at $3.02 on Tuesday. The stock has a fifty day moving average of $3.10 and a 200-day moving average of $11.77. The stock has a market cap of $100.35 million, a PE ratio of -1.19 and a beta of 0.52. TH International has a fifty-two week low of $2.78 and a fifty-two 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 purchased a new stake in shares of TH International Limited (NASDAQ:THCH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 50,122 shares of the company’s stock, valued at approximately $41,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

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.