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

TH International Limited (NASDAQ:THCH) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 34,514 shares, a decrease of 36.2% from the August 15th total of 54,076 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 14,775 shares, the short-interest ratio is currently 2.3 days.

TH International Trading Up 8.8%

Shares of THCH traded up $0.11 during trading hours on Thursday, reaching $1.40. The company had a trading volume of 589 shares, compared to its average volume of 7,626. The firm has a 50 day simple moving average of $1.55 and a 200-day simple moving average of $1.81. The company has a market capitalization of $46.67 million, a price-to-earnings ratio of -0.63 and a beta of 0.48. TH International has a 12-month low of $1.09 and a 12-month high of $3.25.

TH International (NASDAQ:THCH) last released its quarterly earnings data on Tuesday, August 18th. The company reported ($0.25) EPS for the quarter, hitting analysts’ consensus estimates of ($0.25). The company had revenue of $40.24 million for the quarter, compared to analysts’ expectations of $42.14 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About TH International

TH International Limited, doing business as Tims China, is the exclusive master franchisee of the Tim Hortons brand in China. The company develops and operates Tim Hortons restaurants and manages the brand’s expansion across the Chinese market.

Its restaurants serve coffee, tea, other beverages, baked goods, sandwiches, breakfast items and snacks. Tims China also supports its business through digital ordering, delivery and customer loyalty services, offering products through restaurants and other retail channels.

TH International was established in 2018 as a joint venture involving Restaurant Brands International, the parent company of Tim Hortons, and Cartesian Capital Group.