TH International Limited (NASDAQ:THCH – Get Free Report) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 13,350 shares, a decrease of 59.3% from the September 15th total of 32,796 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 6,388 shares, the days-to-cover ratio is currently 2.1 days.
TH International Price Performance
NASDAQ THCH traded up $0.01 during trading hours on Thursday, hitting $1.10. The company had a trading volume of 2,830 shares, compared to its average volume of 7,528. TH International has a fifty-two week low of $1.00 and a fifty-two week high of $3.25. The company has a market capitalization of $36.50 million, a price-to-earnings ratio of -0.49 and a beta of 0.52. The firm’s 50 day moving average is $1.34 and its 200 day moving average is $1.69.
TH International (NASDAQ:THCH – Get Free Report) last issued its earnings results on Tuesday, August 18th. The company reported ($0.25) earnings per share for the quarter, hitting the consensus estimate of ($0.25). The company had revenue of $40.24 million during the quarter, compared to analysts’ expectations of $42.14 million.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TH International in a report on Friday, July 24th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, TH International presently has a consensus rating of “Sell”.
Read Our Latest Analysis on TH International
About TH International
TH International Limited, doing business as Tims China, is the exclusive master franchisee and operator of Tim Hortons coffee shops in mainland China. The company develops and manages the Tim Hortons brand in the Chinese market, with locations designed to serve customers in urban retail, business, transportation and community settings.
Its product offering generally includes brewed coffee, espresso-based beverages, tea, cold drinks, baked goods, sandwiches, breakfast items and other food products adapted for local consumer preferences.
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