Short Interest in Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF) Grows By 85.5%

Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 8,010,432 shares, a growth of 85.5% from the August 15th total of 4,317,632 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days. Currently, 0.1% of the company’s stock are sold short.

Tingyi Cayman Islands Stock Performance

TCYMF opened at $1.45 on Friday. Tingyi Cayman Islands has a 52-week low of $1.30 and a 52-week high of $1.45. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.60 and a current ratio of 0.72. The firm’s 50-day moving average price is $1.45 and its 200-day moving average price is $1.38.

Tingyi Cayman Islands Company Profile

Tingyi (Cayman Islands) Holding Corp. is a consumer food and beverage company focused primarily on the mainland Chinese market. The company is best known for its Master Kong brand and operates through the production, distribution and sale of packaged food and beverages.

Its principal products include instant noodles, ready-to-drink teas, fruit and other beverages, bottled water, and related convenience food products. Tingyi sells its products through supermarkets, convenience stores, restaurants, wholesalers and other retail channels across China.

The company was incorporated in the Cayman Islands and developed its operating business in China during the 1990s.