Tsingtao Brewery Company Limited (OTCMKTS:TSGTF) Sees Large Drop in Short Interest

Tsingtao Brewery Company Limited (OTCMKTS:TSGTF) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 2,959,000 shares, a drop of 23.4% from the March 31st total of 3,863,000 shares. Based on an average daily trading volume, of 6,700 shares, the days-to-cover ratio is currently 441.6 days.

Tsingtao Brewery Stock Performance

OTCMKTS:TSGTF opened at $7.01 on Friday. The company has a fifty day moving average price of $7.04 and a 200 day moving average price of $6.72. Tsingtao Brewery has a one year low of $4.89 and a one year high of $8.57.

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.