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

Tsingtao Brewery Company Limited (OTCMKTS:TSGTF) was the recipient of a large drop in short interest in 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 volume of 6,700 shares, the short-interest ratio is currently 441.6 days.

Tsingtao Brewery Trading Up 3.8 %

OTCMKTS TSGTF opened at $7.27 on Friday. Tsingtao Brewery has a twelve month low of $4.89 and a twelve month high of $8.57. The firm’s 50 day moving average price is $7.06 and its two-hundred day moving average price is $6.72.

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.