Tsingtao Brewery Company Limited (OTCMKTS:TSGTY) Short Interest Down 88.9% in August

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%.

Separately, Zacks Investment Research lowered Tsingtao Brewery from a “buy” rating to a “hold” rating in a research report on Tuesday, June 1st.

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.

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