Tingyi (Cayman Islands) Holding Corp. (OTCMKTS:TYCMY) Short Interest Update

Tingyi (Cayman Islands) Holding Corp. (OTCMKTS:TYCMYGet Rating) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 400 shares, an increase of 300.0% from the April 30th total of 100 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded shares of Tingyi (Cayman Islands) from a “buy” rating to a “neutral” rating in a research note on Thursday, May 18th.

Tingyi (Cayman Islands) Price Performance

OTCMKTS:TYCMY traded down C$0.61 during mid-day trading on Friday, hitting C$31.28. 1,880 shares of the company’s stock were exchanged, compared to its average volume of 5,443. The stock’s 50 day moving average is C$33.76. Tingyi has a fifty-two week low of C$27.19 and a fifty-two week high of C$36.96.

About Tingyi (Cayman Islands)

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Tingyi (Cayman Islands) Holding Corp., an investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People's Republic of China. The company operates through Instant Noodles, Beverages, and Others segments. It offers ready-to-drink teas, juices, milk tea, bottled water, and carbonated soft drinks, as well as coffee drinks/functional drinks/probiotics.

Further Reading

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