Short Interest in TH International Limited (NASDAQ:THCH) Decreases By 36.2%

TH International Limited (NASDAQ:THCH) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 34,514 shares, a drop of 36.2% from the August 15th total of 54,076 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 14,775 shares, the short-interest ratio is currently 2.3 days.

TH International Stock Down 2.2%

Shares of NASDAQ THCH opened at $1.35 on Friday. TH International has a fifty-two week low of $1.09 and a fifty-two week high of $3.25. The business has a 50 day moving average price of $1.53 and a two-hundred day moving average price of $1.80. The firm has a market cap of $44.87 million, a PE ratio of -0.60 and a beta of 0.48.

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

Analysts Set New Price Targets

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

About TH International

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.