Tingyi (Cayman Islands) Holding Corp. (OTCMKTS:TYCMY) Sees Large Increase in Short Interest

Tingyi (Cayman Islands) Holding Corp. (OTCMKTS:TYCMY) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 11,111 shares, an increase of 70.5% from the August 31st total of 6,516 shares. Based on an average trading volume of 18,567 shares, the short-interest ratio is currently 0.6 days.

Tingyi (Cayman Islands) Stock Down 3.7%

OTCMKTS TYCMY opened at C$29.48 on Friday. Tingyi has a one year low of C$23.63 and a one year high of C$36.60. The stock’s 50-day moving average is C$31.41 and its 200-day moving average is C$30.88.

About Tingyi (Cayman Islands)

Tingyi (Cayman Islands) Holding Corp. is a consumer food and beverage company focused on the Chinese market. Through its Master Kong brand and related businesses, the company produces and distributes packaged foods and beverages for consumers across mainland China.

The company’s principal products include instant noodles, ready-to-drink teas, juices, bottled water, and other non-alcoholic beverages. Its food and beverage portfolio is sold through a broad distribution network serving retail stores, supermarkets, convenience stores, restaurants, and other sales channels.

Tingyi traces its business operations in China to the early 1990s and has developed Master Kong into one of the country’s best-known packaged food and beverage brands.