Tongcheng Travel Holdings Limited (OTCMKTS:TNGCF) Sees Large Growth in Short Interest

Tongcheng Travel Holdings Limited (OTCMKTS:TNGCF) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 5,252,200 shares, a growth of 207.8% from the March 15th total of 1,706,100 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 5,835.8 days.

Tongcheng Travel Price Performance

Shares of OTCMKTS TNGCF remained flat at $2.30 during mid-day trading on Thursday. Tongcheng Travel has a 1-year low of $2.30 and a 1-year high of $2.30. The business has a 50 day simple moving average of $2.30 and a 200-day simple moving average of $2.29.

About Tongcheng Travel

Tongcheng Travel Holdings Limited, an investment holding company, provides travel related services in the People's Republic of China. The company offers transportation ticketing, accommodation reservation, attraction ticketing, and various ancillary value-added products and services. It also offers platform service of hotel business; and hotel management, business process outsourcing, information technology outsourcing, advertising, and insurance agency services.