Short Interest in Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF) Expands By 85.5%

Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 8,010,432 shares, an increase of 85.5% from the August 15th total of 4,317,632 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days. Currently, 0.1% of the shares of the company are short sold.

Tingyi Cayman Islands Price Performance

Shares of TCYMF remained flat at $1.45 during mid-day trading on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.72 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $1.45 and its two-hundred day moving average price is $1.38. Tingyi Cayman Islands has a 52 week low of $1.30 and a 52 week high of $1.45.

About Tingyi Cayman Islands

Tingyi (Cayman Islands) Holding Corp. is a consumer food and beverage company focused primarily on the mainland Chinese market. The company is best known for its Master Kong brand and operates through the production, distribution and sale of packaged food and beverages.

Its principal products include instant noodles, ready-to-drink teas, fruit and other beverages, bottled water, and related convenience food products. Tingyi sells its products through supermarkets, convenience stores, restaurants, wholesalers and other retail channels across China.

The company was incorporated in the Cayman Islands and developed its operating business in China during the 1990s.