Short Interest in Thai Beverage Public Company Limited (OTCMKTS:TBVPF) Grows By 11,936.4%

Thai Beverage Public Company Limited (OTCMKTS:TBVPF – Get Rating) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 1,588,800 shares, a growth of 11,936.4% from the April 30th total of 13,200 shares. Based on an average daily volume of 32,200 shares, the days-to-cover ratio is currently 49.3 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group started coverage on Thai Beverage Public in a research report on Tuesday, February 7th. They issued a “buy” rating on the stock.

Thai Beverage Public Price Performance

Shares of OTCMKTS TBVPF opened at $0.42 on Friday. Thai Beverage Public has a twelve month low of $0.37 and a twelve month high of $0.55. The stock has a fifty day simple moving average of $0.47 and a 200-day simple moving average of $0.48.

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.