Tsingtao Brewery Company Limited (OTCMKTS:TSGTY) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 100 shares, a drop of 88.9% from the August 15th total of 900 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 0.1 days.
Tsingtao Brewery stock traded down $1.81 during midday trading on Wednesday, reaching $39.43. The stock had a trading volume of 660 shares, compared to its average volume of 2,130. The firm’s fifty day simple moving average is $43.96 and its 200-day simple moving average is $47.11. The stock has a market capitalization of $10.76 billion, a P/E ratio of 33.14 and a beta of 0.70. Tsingtao Brewery has a 1-year low of $38.70 and a 1-year high of $58.02.
The business also recently declared an annual dividend, which was paid on Tuesday, August 17th. Shareholders of record on Monday, July 12th were paid a $0.5807 dividend. The ex-dividend date was Friday, July 9th. This represents a yield of 1.09%.
About Tsingtao Brewery
Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products worldwide. It operates through seven segments: Shandong Region; South China Region; North China Region; East China Region; Southeast China Region; Hong Kong, Macau and Other Overseas Region; and Finance Company.
Recommended Story: Federal Reserve
Receive News & Ratings for Tsingtao Brewery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tsingtao Brewery and related companies with MarketBeat.com's FREE daily email newsletter.