Short Interest in Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF) Declines By 32.3%

Tingyi Cayman Islands Holdings Corp. (OTCMKTS:TCYMF) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 30,354,413 shares, a decrease of 32.3% from the June 30th total of 44,856,580 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ? days. Approximately 0.5% of the company’s shares are sold short.

Tingyi Cayman Islands Stock Performance

TCYMF stock opened at $1.45 on Friday. The company has a fifty day moving average price of $1.42 and a 200-day moving average price of $1.34. The company has a quick ratio of 0.60, a current ratio of 0.72 and a debt-to-equity ratio of 0.31. Tingyi Cayman Islands has a 52-week low of $1.30 and a 52-week high of $1.45.

About Tingyi Cayman Islands

Tingyi Cayman Islands Holding Corp. is an investment holding company principally engaged in the production and sale of convenience foods and beverages. Its core operating subsidiary, Tingyi (Cayman Islands) Holding Corporation, is best known for its Master Kong–branded instant noodles and ready-to-drink beverages. The company’s portfolio also spans bottled water, brewed teas, fruit juices and packaged bakery items, serving both retail and foodservice channels.

Since its establishment in the early 1990s, Tingyi has built one of the largest distribution networks in Mainland China, covering more than 30 provinces and municipalities through a combination of direct sales teams and third-party distributors.