Tsingtao Brewery Co. (OTCMKTS:TSGTY – Get Free Report) was the target of a significant 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 773 shares, the days-to-cover ratio is currently 1.8 days.
Tsingtao Brewery Price Performance
Shares of TSGTY stock opened at $27.07 on Friday. Tsingtao Brewery has a 52-week low of $24.55 and a 52-week high of $36.69. The firm’s 50 day moving average price is $26.34 and its two-hundred day moving average price is $30.09.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised Tsingtao Brewery from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on Tsingtao Brewery
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.
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