Tongcheng Travel Holdings Limited (OTCMKTS:TNGCF) Sees Significant Decrease in Short Interest

Tongcheng Travel Holdings Limited (OTCMKTS:TNGCF – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 324,578 shares, a decrease of 59.5% from the August 31st total of 800,536 shares. Based on an average daily trading volume, of 38,800 shares, the short-interest ratio is presently 8.4 days.

Tongcheng Travel Price Performance

OTCMKTS TNGCF opened at $1.35 on Wednesday. Tongcheng Travel has a 52-week low of $1.35 and a 52-week high of $2.80. The company has a fifty day moving average of $2.59 and a 200-day moving average of $2.72.

Tongcheng Travel Company Profile

(Get Free Report)

Tongcheng Travel Holdings Limited is a China-based online travel services company that operates a digital platform for travel booking and related services. Formerly known as Tongcheng-Elong Holdings Limited, the company was formed through the combination of Tongcheng Network and eLong in 2017 and later adopted the Tongcheng Travel name.

The company’s platform enables users to search for and book transportation and accommodation, including air tickets, train tickets and hotel rooms. It also offers vacation products, attraction tickets and other travel-related services.

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