TDH Holdings, Inc. (NASDAQ:PETZ) Short Interest Update

TDH Holdings, Inc. (NASDAQ:PETZ) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 100,340 shares, an increase of 215.2% from the August 31st total of 31,837 shares. Based on an average daily trading volume, of 1,214,665 shares, the short-interest ratio is presently 0.1 days. Approximately 1.1% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of TDH from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, TDH presently has a consensus rating of “Sell”.

TDH Trading Up 1.8%

NASDAQ:PETZ traded up $0.02 during mid-day trading on Friday, hitting $1.39. 1,203 shares of the company’s stock traded hands, compared to its average volume of 1,114,847. The company has a fifty day moving average of $1.32 and a 200 day moving average of $1.23. TDH has a twelve month low of $0.81 and a twelve month high of $1.82.

Insider Activity

In other news, CEO Dandan Liu acquired 2,969,692 shares of TDH stock in a transaction that occurred on Thursday, August 27th. The stock was purchased at an average price of $1.20 per share, for a total transaction of $3,563,630.40. Following the purchase, the chief executive officer directly owned 5,069,389 shares in the company, valued at $6,083,266.80. The trade was a 141.43% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 10.82% of the stock is currently owned by insiders.

About TDH

TDH Holdings, Inc is a China-based pet food company that develops, manufactures and sells food products for companion animals. Its offerings primarily include pet food and related products for dogs and cats, such as dry food, treats and other snack products.

The company markets its products through a combination of distribution, retail and online sales channels, serving customers in China and potentially other markets through its commercial partners. Its business is focused on the growing companion-animal products sector rather than veterinary services or live-animal sales.

TDH Holdings trades on the Nasdaq Stock Market under the symbol PETZ.