Tongcheng Travel Holdings Limited (OTCMKTS:TNGCF) Short Interest Up 454.9% in August

Tongcheng Travel Holdings Limited (OTCMKTS:TNGCF) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 1,895,100 shares, an increase of 454.9% from the August 15th total of 341,500 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upgraded Tongcheng Travel from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 24th.

Tongcheng Travel Price Performance

TNGCF remained flat at $1.31 during trading hours on Thursday. 106 shares of the company traded hands. Tongcheng Travel has a fifty-two week low of $1.31 and a fifty-two week high of $1.51.

Tongcheng Travel Company Profile

Tongcheng Travel Holdings Limited, an investment holding company, provides travel related services in the People's Republic of China. The company offers transportation ticketing, accommodation reservation, attraction ticketing, and various ancillary value-added products and services. It also offers platform service of hotel business; and hotel management, business process outsourcing, information technology outsourcing, advertising, and insurance agency services.