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

Tongcheng Travel Holdings Limited (OTCMKTS:TNGCFGet Free Report) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 506,996 shares, a drop of 76.2% from the May 31st total of 2,134,144 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Tongcheng Travel Price Performance

Shares of OTCMKTS TNGCF opened at $2.80 on Friday. Tongcheng Travel has a 1-year low of $2.61 and a 1-year high of $2.80. The company has a 50-day moving average of $2.80 and a two-hundred day moving average of $2.80.

Tongcheng Travel Company Profile

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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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