TH International Limited (NASDAQ:THCH) Stock Short Interest Drops 59.3%

TH International Limited (NASDAQ:THCH) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 13,350 shares, a decline of 59.3% from the September 15th total of 32,796 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 6,388 shares, the short-interest ratio is presently 2.1 days.

TH International Stock Up 6.4%

NASDAQ:THCH traded up $0.07 during mid-day trading on Tuesday, hitting $1.14. 533 shares of the company traded hands, compared to its average volume of 7,579. The stock’s fifty day moving average price is $1.37 and its 200-day moving average price is $1.70. TH International has a one year low of $1.00 and a one year high of $3.25. The firm has a market cap of $37.86 million, a price-to-earnings ratio of -0.49 and a beta of 0.52.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TH International in a research report on Friday, July 24th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, TH International presently has a consensus rating of “Sell”.

TH International Company Profile

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.