TH International Limited (NASDAQ:THCH) Short Interest Update

TH International Limited (NASDAQ:THCH) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 338,200 shares, a growth of 27.9% from the March 31st total of 264,400 shares. Based on an average trading volume of 393,900 shares, the short-interest ratio is presently 0.9 days. Currently, 1.1% of the company’s stock are sold short.

TH International Stock Performance

THCH traded down $0.02 on Tuesday, hitting $1.13. 101,018 shares of the company were exchanged, compared to its average volume of 336,395. The stock’s fifty day moving average is $1.19 and its 200-day moving average is $1.52. TH International has a 12 month low of $0.84 and a 12 month high of $4.91.

TH International (NASDAQ:THCH) last released its earnings results on Thursday, April 18th. The company reported ($0.11) earnings per share for the quarter. TH International had a negative net margin of 55.72% and a negative return on equity of 1,859.11%. The firm had revenue of $55.10 million during the quarter.

Institutional Investors Weigh In On TH International

A hedge fund recently raised its stake in TH International stock. Zazove Associates LLC grew its holdings in TH International Limited (NASDAQ:THCH) by 26.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,376,465 shares of the company’s stock after buying an additional 285,386 shares during the period. Zazove Associates LLC owned 3.19% of TH International worth $2,409,000 at the end of the most recent quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.

About TH International

TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company is based in Shanghai, the People's Republic of China. TH International Limited is a subsidiary of Tim Hortons Inc