Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF) Short Interest Down 32.3% in July

Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 30,354,413 shares, a decline of 32.3% from the June 30th total of 44,856,580 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Tingyi Cayman Islands Price Performance

OTCMKTS: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 quick ratio of 0.60, a current ratio of 0.72 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average is $1.42 and its 200-day moving average is $1.34.

Tingyi Cayman Islands Company Profile

Tingyi Cayman Islands Holding Corp. is an investment holding company principally engaged in the production and sale of convenience foods and beverages. Its core operating subsidiary, Tingyi (Cayman Islands) Holding Corporation, is best known for its Master Kong–branded instant noodles and ready-to-drink beverages. The company’s portfolio also spans bottled water, brewed teas, fruit juices and packaged bakery items, serving both retail and foodservice channels.

Since its establishment in the early 1990s, Tingyi has built one of the largest distribution networks in Mainland China, covering more than 30 provinces and municipalities through a combination of direct sales teams and third-party distributors.