Tongcheng Travel Holdings Limited (OTCMKTS:TNGCF – Get Free Report) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 324,578 shares, a decline of 59.5% from the August 31st total of 800,536 shares. Based on an average daily trading volume, of 38,800 shares, the short-interest ratio is currently 8.4 days.
Tongcheng Travel Price Performance
Tongcheng Travel stock remained flat at $1.35 during mid-day trading on Tuesday. The business has a fifty day moving average price of $2.61 and a 200 day moving average price of $2.73. Tongcheng Travel has a 52-week low of $1.35 and a 52-week high of $2.80.
About Tongcheng Travel
Tongcheng Travel Holdings Limited is a China-based online travel services company that operates a digital platform for travel booking and related services. Formerly known as Tongcheng-Elong Holdings Limited, the company was formed through the combination of Tongcheng Network and eLong in 2017 and later adopted the Tongcheng Travel name.
The company’s platform enables users to search for and book transportation and accommodation, including air tickets, train tickets and hotel rooms. It also offers vacation products, attraction tickets and other travel-related services.
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