TDH Holdings, Inc. (NASDAQ:PETZ) Sees Large Growth in Short Interest

TDH Holdings, Inc. (NASDAQ:PETZ) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 100,340 shares, a growth of 215.2% from the August 31st total of 31,837 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average trading volume of 1,214,665 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut TDH from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, September 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Insider Transactions at TDH

In other news, CEO Dandan Liu purchased 2,969,692 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were purchased at an average price of $1.20 per share, with a total value of $3,563,630.40. Following the completion of the acquisition, the chief executive officer owned 5,069,389 shares in the company, valued at $6,083,266.80. This trade represents a 141.43% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 10.82% of the stock is owned by corporate insiders.

TDH Trading Up 1.8%

Shares of NASDAQ PETZ traded up $0.02 during midday trading on Friday, reaching $1.39. The company had a trading volume of 1,203 shares, compared to its average volume of 1,114,847. TDH has a one year low of $0.81 and a one year high of $1.82. The firm’s fifty day moving average price is $1.32 and its 200-day moving average price is $1.23.

About TDH

TDH Holdings, Inc is a China-based pet food company that develops, manufactures and sells food products for companion animals. Its offerings primarily include pet food and related products for dogs and cats, such as dry food, treats and other snack products.

The company markets its products through a combination of distribution, retail and online sales channels, serving customers in China and potentially other markets through its commercial partners. Its business is focused on the growing companion-animal products sector rather than veterinary services or live-animal sales.

TDH Holdings trades on the Nasdaq Stock Market under the symbol PETZ.