Thai Airways International PCL (OTCMKTS:TAWNF) Sees Large Increase in Short Interest

Thai Airways International PCL (OTCMKTS:TAWNF) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 7,510,800 shares, an increase of 214.3% from the October 15th total of 2,390,000 shares. Based on an average trading volume of 245,332 shares, the short-interest ratio is currently 30.6 days. Approximately 0.3% of the company’s stock are sold short.

Thai Airways International PCL Stock Performance

Shares of OTCMKTS TAWNF traded up $0.02 during mid-day trading on Thursday, reaching $0.17. 61,901 shares of the company traded hands, compared to its average volume of 145,003. The company’s fifty day moving average is $0.16 and its two-hundred day moving average is $0.18. Thai Airways International PCL has a fifty-two week low of $0.14 and a fifty-two week high of $0.29.

Thai Airways International PCL Company Profile

Thai Airways International PCL is Thailand’s national flag carrier and a major provider of scheduled air transportation. The company operates passenger flights, air cargo services and related aviation businesses, connecting Thailand with destinations in Asia, Europe, Australia and other international markets, as well as serving selected domestic routes. Thai Airways was established in 1960 as a joint venture between Thailand and Scandinavian Airlines System and became a fully Thai-owned airline in 1977.