Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF) Stock Short Interest Declines 48.8%

Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,101,632 shares, a drop of 48.8% from the August 31st total of 8,010,432 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Currently, 0.1% of the company’s shares are sold short.

Tingyi Cayman Islands Price Performance

TCYMF stock remained flat at $1.45 during mid-day trading on Wednesday. 2,000 shares of the company’s stock were exchanged, compared to its average volume of 350. The stock has a 50-day moving average of $1.45 and a two-hundred day moving average of $1.39. The company has a current ratio of 0.72, a quick ratio of 0.60 and a debt-to-equity ratio of 0.31. Tingyi Cayman Islands has a 52 week low of $1.30 and a 52 week high of $1.45.

Tingyi Cayman Islands Company Profile

Tingyi Cayman Islands Holding Corp. is a food and beverage company whose operations are primarily focused on the mainland Chinese market. The company is best known for its Master Kong brand, which has become widely associated with packaged foods and beverages in China.

Tingyi’s principal products include instant noodles, ready-to-drink teas, fruit beverages, bottled water and other packaged drinks. Its portfolio serves consumers through supermarkets, convenience stores, restaurants, vending channels and other retail outlets across China.

The company was established in 1991 and operates as part of the broader Ting Hsin International Group.