Tsingtao Brewery Company Limited (OTCMKTS:TSGTF) Stock Short Interest Rises 809.9%

Tsingtao Brewery Company Limited (OTCMKTS:TSGTF) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 6,742 shares, an increase of 809.9% from the August 31st total of 741 shares. Based on an average daily volume of 16,390 shares, the short-interest ratio is currently 0.4 days.

Tsingtao Brewery Price Performance

OTCMKTS:TSGTF opened at $4.57 on Friday. The company has a 50-day moving average of $5.31 and a 200-day moving average of $5.87. Tsingtao Brewery has a 52 week low of $4.55 and a 52 week high of $7.14.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of Tsingtao Brewery to a “neutral” rating in a report on Thursday, September 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Tsingtao Brewery has a consensus rating of “Hold”.

Tsingtao Brewery Company Profile

Tsingtao Brewery Co, Ltd. is a Chinese beverage company best known for producing and selling Tsingtao beer. Its product portfolio includes a range of lagers and other beer styles marketed under the Tsingtao brand, as well as products sold under additional brands serving different consumer and regional markets.

The company traces its origins to 1903, when the brewery was established in Qingdao, Shandong Province. Tsingtao Brewery has since developed into one of China’s prominent brewing companies, with operations that include beer production, sales, distribution and related brewing activities.