Tongcheng Travel Holdings Limited (OTCMKTS:TNGCF – Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,422,544 shares, a drop of 52.1% from the April 30th total of 5,059,958 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.
Tongcheng Travel Price Performance
Shares of OTCMKTS TNGCF remained flat at $2.80 during mid-day trading on Monday. Tongcheng Travel has a twelve month low of $2.61 and a twelve month high of $2.80. The business’s 50-day moving average price is $2.80 and its 200 day moving average price is $2.80.
About Tongcheng Travel
Tongcheng Travel (OTCMKTS:TNGCF) is a China-based online travel agency that offers a comprehensive suite of travel services to leisure and business customers. The company’s platform enables users to search for, compare and book a wide range of travel products, including domestic and international package tours, standalone hotel accommodations, transportation tickets, attraction admission vouchers and local guided excursions.
In addition to its core booking services, Tongcheng Travel provides ancillary travel solutions such as visa assistance, corporate travel management and meetings, incentives, conferences and exhibitions (MICE) support.
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