Short Interest in TDH Holdings, Inc. (NASDAQ:PETZ) Expands By 45.7%

TDH Holdings, Inc. (NASDAQ:PETZGet Rating) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 442,600 shares, a growth of 45.7% from the May 31st total of 303,700 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average daily volume of 1,000,000 shares, the days-to-cover ratio is presently 0.4 days.

A hedge fund recently raised its stake in TDH stock. Citigroup Inc. lifted its holdings in TDH Holdings, Inc. (NASDAQ:PETZGet Rating) by 1,197.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 134,506 shares of the company’s stock after acquiring an additional 124,138 shares during the quarter. Citigroup Inc. owned 0.24% of TDH worth $60,000 as of its most recent SEC filing. 49.98% of the stock is currently owned by hedge funds and other institutional investors.

TDH stock traded down $0.09 during mid-day trading on Friday, reaching $1.81. 471,370 shares of the company traded hands, compared to its average volume of 949,779. TDH has a fifty-two week low of $1.79 and a fifty-two week high of $188.00. The firm’s fifty day moving average is $3.99 and its two-hundred day moving average is $17.24.

About TDH (Get Rating)

TDH Holdings, Inc, together with its subsidiaries, develops, manufactures, and sells pet food products for pet owners in the People's Republic of China, Asia, Europe, and North America. It offers approximately 200 products, which include 4 product lines consisting of pet chews, dried pet snacks, wet canned pet food, and dental health snacks, as well as non-food items, such as dog leashes, pet toys, etc.

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