Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF) Sees Large Decline in Short Interest

Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 4,317,632 shares, a decline of 83.3% from the July 30th total of 25,814,919 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Approximately 0.1% of the company’s shares are short sold.

Tingyi Cayman Islands Price Performance

OTCMKTS TCYMF opened at $1.45 on Wednesday. Tingyi Cayman Islands has a twelve month low of $1.30 and a twelve month high of $1.45. The stock has a fifty day simple moving average of $1.45 and a 200 day simple moving average of $1.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.60 and a current ratio of 0.72.

Tingyi Cayman Islands Company Profile

Tingyi Cayman Islands Holding Corp. is an investment holding company principally engaged in the production and sale of convenience foods and beverages. Its core operating subsidiary, Tingyi (Cayman Islands) Holding Corporation, is best known for its Master Kong–branded instant noodles and ready-to-drink beverages. The company’s portfolio also spans bottled water, brewed teas, fruit juices and packaged bakery items, serving both retail and foodservice channels.

Since its establishment in the early 1990s, Tingyi has built one of the largest distribution networks in Mainland China, covering more than 30 provinces and municipalities through a combination of direct sales teams and third-party distributors.