Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF) Sees Large Decrease in Short Interest

Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 4,317,632 shares, a decrease of 83.3% from the July 30th total of 25,814,919 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Tingyi Cayman Islands Stock Performance

Shares of TCYMF opened at $1.45 on Thursday. Tingyi Cayman Islands has a fifty-two week low of $1.30 and a fifty-two week high of $1.45. The business has a 50-day moving average of $1.45 and a 200 day moving average of $1.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.72 and a quick ratio of 0.60.

Tingyi Cayman Islands Company Profile

Tingyi Cayman Islands Holding Corp. is an investment holding company principally engaged in the production and sale of convenience foods and beverages. Its core operating subsidiary, Tingyi (Cayman Islands) Holding Corporation, is best known for its Master Kong–branded instant noodles and ready-to-drink beverages. The company’s portfolio also spans bottled water, brewed teas, fruit juices and packaged bakery items, serving both retail and foodservice channels.

Since its establishment in the early 1990s, Tingyi has built one of the largest distribution networks in Mainland China, covering more than 30 provinces and municipalities through a combination of direct sales teams and third-party distributors.