TH International Limited (NASDAQ:THCH) Sees Significant Decrease in Short Interest

TH International Limited (NASDAQ:THCH) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 34,514 shares, a decrease of 36.2% from the August 15th total of 54,076 shares. Based on an average trading volume of 14,775 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TH International in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, TH International has an average rating of “Sell”.

TH International Stock Performance

Shares of TH International stock traded up $0.02 during midday trading on Friday, reaching $1.40. 2,780 shares of the company’s stock traded hands, compared to its average volume of 7,645. The company has a market cap of $46.57 million, a price-to-earnings ratio of -0.63 and a beta of 0.48. The company’s 50 day simple moving average is $1.54 and its 200 day simple moving average is $1.81. TH International has a 52 week low of $1.09 and a 52 week high of $3.25.

TH International (NASDAQ:THCH) last issued its quarterly earnings data on Tuesday, August 18th. The company reported ($0.25) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.25). The firm had revenue of $40.24 million during the quarter, compared to analyst estimates of $42.14 million.

TH International Company Profile

TH International Limited, doing business as Tims China, is the exclusive master franchisee of the Tim Hortons brand in China. The company develops and operates Tim Hortons restaurants and manages the brand’s expansion across the Chinese market.

Its restaurants serve coffee, tea, other beverages, baked goods, sandwiches, breakfast items and snacks. Tims China also supports its business through digital ordering, delivery and customer loyalty services, offering products through restaurants and other retail channels.

TH International was established in 2018 as a joint venture involving Restaurant Brands International, the parent company of Tim Hortons, and Cartesian Capital Group.