TH International Limited (NASDAQ:THCH) Sees Significant Growth in Short Interest

TH International Limited (NASDAQ:THCH) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 18,493 shares, a growth of 41.2% from the December 31st total of 13,095 shares. Based on an average daily trading volume, of 6,009 shares, the short-interest ratio is presently 3.1 days. Based on an average daily trading volume, of 6,009 shares, the short-interest ratio is presently 3.1 days.

Institutional Investors Weigh In On TH International

An institutional investor recently raised its position in TH International stock. Citadel Advisors LLC raised its stake in TH International Limited (NASDAQ:THCH) by 51.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,033 shares of the company’s stock after purchasing an additional 9,227 shares during the quarter. Citadel Advisors LLC owned 0.08% of TH International worth $71,000 as of its most recent filing with the Securities & Exchange Commission. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of TH International in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, TH International has a consensus rating of “Sell”.

TH International Stock Performance

Shares of NASDAQ:THCH opened at $2.01 on Friday. TH International has a 52-week low of $1.95 and a 52-week high of $3.62. The business’s 50 day simple moving average is $2.37 and its two-hundred day simple moving average is $2.53. The firm has a market cap of $67.03 million, a P/E ratio of -1.41 and a beta of 0.55.

TH International (NASDAQ:THCH) last released its quarterly earnings data on Tuesday, December 9th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.09). The firm had revenue of $50.29 million during the quarter, compared to analysts’ expectations of $55.48 million.

About TH International

TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company offers brewed tea, coffee, milk tea, lemonade, hot chocolate, and coffee drinks. It is also involved in franchise related business. The company is based in Shanghai, the People's Republic of China.