Short Interest in TH International Limited (NASDAQ:THCH) Rises By 95.3%

TH International Limited (NASDAQ:THCH) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 14,552 shares, a growth of 95.3% from the November 30th total of 7,450 shares. Based on an average trading volume of 8,554 shares, the short-interest ratio is currently 1.7 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 8,554 shares, the short-interest ratio is currently 1.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TH International in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On TH International

A hedge fund recently raised its stake in TH International stock. Citadel Advisors LLC boosted its holdings in shares of TH International Limited (NASDAQ:THCH) by 51.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,033 shares of the company’s stock after acquiring an additional 9,227 shares during the period. Citadel Advisors LLC owned about 0.08% of TH International worth $71,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 91.85% of the company’s stock.

TH International Price Performance

THCH opened at $2.23 on Monday. The stock has a market cap of $73.83 million, a P/E ratio of -1.56 and a beta of 0.55. The stock’s 50 day simple moving average is $2.50 and its 200 day simple moving average is $2.63. TH International has a 1-year low of $1.95 and a 1-year high of $3.82.

TH International (NASDAQ:THCH) last issued its quarterly earnings data on Tuesday, December 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.09). The company had revenue of $50.29 million during the quarter, compared to analysts’ expectations of $55.48 million.

TH International Company Profile

TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company offers brewed tea, coffee, milk tea, lemonade, hot chocolate, and coffee drinks. It is also involved in franchise related business. The company is based in Shanghai, the People's Republic of China.