Tsingtao Brewery Co. (OTCMKTS:TSGTY) Shares Shorted: Short Interest Down 52.9% in October

Tsingtao Brewery Co. (OTCMKTS:TSGTY) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 1,360 shares, a decrease of 52.9% from the September 30th total of 2,885 shares. Based on an average daily trading volume, of 773 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded Tsingtao Brewery from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Tsingtao Brewery Stock Performance

TSGTY opened at $27.07 on Friday. Tsingtao Brewery has a 12 month low of $24.55 and a 12 month high of $36.69. The business has a 50-day moving average of $26.34 and a two-hundred day moving average of $30.09.

About Tsingtao Brewery

Tsingtao Brewery Co, Ltd. is a China-based beverage company best known for producing and selling Tsingtao beer, one of the country’s most recognized beer brands. Its product portfolio includes traditional lagers, premium and craft-style beers, and other beverage offerings marketed under the Tsingtao brand and related labels.

The company traces its history to 1903, when the brewery was established in Qingdao, Shandong Province. Over time, Tsingtao Brewery expanded from a regional producer into a large-scale brewer serving consumers throughout China.