Tsingtao Brewery Co. (OTCMKTS:TSGTY) Stock Short Interest Jumps 51.7%

Tsingtao Brewery Co. (OTCMKTS:TSGTY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,843 shares, an increase of 51.7% from the August 31st total of 2,534 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 781 shares, the days-to-cover ratio is presently 4.9 days.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Tsingtao Brewery from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tsingtao Brewery currently has an average rating of “Sell”.

Tsingtao Brewery Stock Up 1.6%

Shares of TSGTY opened at $26.11 on Friday. Tsingtao Brewery has a 52-week low of $24.55 and a 52-week high of $36.69. The stock has a 50 day moving average price of $27.48 and a 200 day moving average price of $29.91.

About Tsingtao Brewery

Tsingtao Brewery Co, Ltd. is a China-based brewing company headquartered in Qingdao, Shandong Province. Founded in 1903, the company is one of China’s oldest and best-known beer producers and is recognized internationally for its Tsingtao beer brand.

The company produces and sells a range of beers, including lager, pilsner, craft-style and other specialty offerings under the Tsingtao and Laoshan brands, among others. Its products are distributed through supermarkets, restaurants, hospitality venues, retail outlets and other channels.

Tsingtao Brewery serves consumers throughout mainland China and exports its products to international markets.