TH International Limited (NASDAQ:THCH) Short Interest Up 130.5% in February

TH International Limited (NASDAQ:THCH) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 73,559 shares, a growth of 130.5% from the February 12th total of 31,918 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,541 shares, the short-interest ratio is currently 9.8 days. Based on an average daily trading volume, of 7,541 shares, the short-interest ratio is currently 9.8 days. Currently, 0.2% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TH International in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, TH International currently has an average rating of “Sell”.

TH International Price Performance

TH International stock opened at $2.13 on Friday. TH International has a fifty-two week low of $1.68 and a fifty-two week high of $3.50. The firm’s 50 day simple moving average is $2.08 and its 200-day simple moving average is $2.37.

TH International (NASDAQ:THCH) last issued its quarterly earnings results on Tuesday, December 9th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.09). The company had revenue of $50.29 million for the quarter, compared to analyst estimates of $55.48 million.

Institutional Trading of TH International

An institutional investor recently raised its position in TH International stock. Citadel Advisors LLC lifted its holdings 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 firm owned 27,033 shares of the company’s stock after buying an additional 9,227 shares during the period. Citadel Advisors LLC owned about 0.08% of TH International worth $71,000 as of its most recent SEC filing. 91.85% of the stock is currently owned by institutional investors and hedge funds.

TH International Company Profile

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.