Short Interest in Tsingtao Brewery Company Limited (OTCMKTS:TSGTY) Declines By 50.0%

Tsingtao Brewery Company Limited (OTCMKTS:TSGTY) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 600 shares, a drop of 50.0% from the March 31st total of 1,200 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is presently 0.3 days.

Tsingtao Brewery Stock Performance

Shares of OTCMKTS:TSGTY remained flat at $35.52 on Friday. The stock had a trading volume of 46 shares, compared to its average volume of 811. Tsingtao Brewery has a fifty-two week low of $27.85 and a fifty-two week high of $55.31. The stock’s 50 day simple moving average is $33.61 and its 200 day simple moving average is $33.36.

About Tsingtao Brewery

Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products worldwide. It operates through seven segments: Shandong Region; South China Region; North China Region; East China Region; Southeast China Region; Hong Kong, Macau and Other Overseas Region; and Finance Company.