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

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

Tingyi Cayman Islands Stock Performance

TCYMF remained flat at $1.45 during midday trading on Friday. The company has a fifty day simple moving average of $1.42 and a 200 day simple moving average of $1.34. Tingyi Cayman Islands has a 52-week low of $1.30 and a 52-week high of $1.45. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.72 and a quick ratio of 0.60.

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.