Thai Beverage Public Company Limited (OTCMKTS:TBVPF) Short Interest Up 2,850.3% in February

Thai Beverage Public Company Limited (OTCMKTS:TBVPF – Get Rating) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 2,380,900 shares, a growth of 2,850.3% from the January 31st total of 80,700 shares. Based on an average trading volume of 42,300 shares, the days-to-cover ratio is currently 56.3 days.

Thai Beverage Public Stock Performance

OTCMKTS:TBVPF opened at $0.46 on Thursday. The company’s 50-day moving average is $0.51 and its two-hundred day moving average is $0.47. Thai Beverage Public has a 1-year low of $0.37 and a 1-year high of $0.55.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TBVPF shares. Sanford C. Bernstein upgraded shares of Thai Beverage Public from a “market perform” rating to an “outperform” rating in a research report on Friday, December 9th. The Goldman Sachs Group assumed coverage on shares of Thai Beverage Public in a report on Tuesday, February 7th. They issued a “buy” rating on the stock.

Thai Beverage Public Company Profile

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Thai Beverage Public Co, Ltd. is a holding company, which engages in the production and distribution of beverage. It operates through the following segments: Spirits, Beer, Non-alcoholic Beverage, and Food. The Spirits segment produces and sell spirits products. The Beer segment manufactures branded beer products.