Tsingtao Brewery Co. (OTCMKTS:TSGTY) Stock Short Interest Climbs 51.7%

Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 3,843 shares, an increase of 51.7% from the August 31st total of 2,534 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 781 shares, the short-interest ratio is currently 4.9 days.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Tsingtao Brewery from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Tsingtao Brewery has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on Tsingtao Brewery

Tsingtao Brewery Stock Performance

Shares of OTCMKTS:TSGTY opened at $25.70 on Friday. Tsingtao Brewery has a 12 month low of $24.55 and a 12 month high of $36.69. The firm’s 50-day moving average is $27.52 and its 200 day moving average is $29.94.

Tsingtao Brewery Company Profile

(Get Free Report)

Tsingtao Brewery Co, Ltd. is a China-based brewing company headquartered in Qingdao, Shandong Province. Founded in 1903, the company is one of China’s oldest and best-known beer producers and is recognized internationally for its Tsingtao beer brand.

The company produces and sells a range of beers, including lager, pilsner, craft-style and other specialty offerings under the Tsingtao and Laoshan brands, among others. Its products are distributed through supermarkets, restaurants, hospitality venues, retail outlets and other channels.

Tsingtao Brewery serves consumers throughout mainland China and exports its products to international markets.

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