Tsingtao Brewery Company Limited (OTCMKTS:TSGTF) Sees Large Decline in Short Interest

Tsingtao Brewery Company Limited (OTCMKTS:TSGTF) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 741 shares, a decline of 98.1% from the August 15th total of 38,811 shares. Based on an average daily trading volume, of 697 shares, the short-interest ratio is currently 1.1 days.

Tsingtao Brewery Stock Up 4.8%

OTCMKTS:TSGTF opened at $5.00 on Friday. The stock’s 50-day simple moving average is $5.47 and its 200 day simple moving average is $5.99. Tsingtao Brewery has a twelve month low of $4.77 and a twelve month high of $7.14.

Tsingtao Brewery Company Profile

Tsingtao Brewery Co, Ltd. is one of China’s oldest and most recognized beer producers, headquartered in Qingdao, Shandong Province. The company specializes in the brewing, packaging and distribution of a broad portfolio of beer brands, with a focus on pale lagers and specialty brews. Its operations encompass all stages of production, from raw material sourcing and fermentation to quality control and logistics, ensuring consistent taste and brand integrity.

The company’s flagship product, Tsingtao Lager, is brewed using spring water from the Laoshan Mountains and high-quality malted barley, resulting in a crisp and refreshing flavor profile.