TH International Limited (NASDAQ:THCH) Shares Shorted: Short Interest Down 59.3% in September

TH International Limited (NASDAQ:THCH – Get Free Report) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 13,350 shares, a decrease of 59.3% from the September 15th total of 32,796 shares. Based on an average trading volume of 6,388 shares, the short-interest ratio is currently 2.1 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

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

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TH International Stock Down 3.4%

THCH traded down $0.04 during trading on Wednesday, hitting $1.12. 576 shares of the stock were exchanged, compared to its average volume of 7,542. TH International has a 1-year low of $1.00 and a 1-year high of $3.25. The stock has a fifty day moving average price of $1.36 and a two-hundred day moving average price of $1.70. The firm has a market capitalization of $37.26 million, a P/E ratio of -0.50 and a beta of 0.52.

TH International (NASDAQ:THCH – Get Free Report) last announced its earnings results on Tuesday, August 18th. The company reported ($0.25) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.25). The business had revenue of $40.24 million for the quarter, compared to analysts’ expectations of $42.14 million.

About TH International

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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.

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