Tingyi (Cayman Islands) Holding Corp. (OTCMKTS:TYCMY) Sees Large Drop in Short Interest

Tingyi (Cayman Islands) Holding Corp. (OTCMKTS:TYCMY) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 8,265 shares, a decline of 68.1% from the July 30th total of 25,906 shares. Based on an average trading volume of 12,639 shares, the short-interest ratio is presently 0.7 days.

Tingyi (Cayman Islands) Price Performance

TYCMY opened at C$33.88 on Thursday. Tingyi has a 52 week low of C$23.63 and a 52 week high of C$36.60. The business’s fifty day simple moving average is C$29.54 and its 200 day simple moving average is C$31.32.

About Tingyi (Cayman Islands)

Tingyi (Cayman Islands) Holding Corp. is a Cayman Islands–registered holding company that controls Shanghai Tingyi Master Kong Food Co, Ltd., one of China’s foremost producers of instant noodles and beverages. Through its subsidiaries, the company develops, manufactures and markets a broad range of ready-to-eat noodle products, bottled water, ready-to-drink teas, fruit juices and other beverage offerings under the Master Kong and related brand names.

Its instant noodle portfolio includes multiple flavor profiles and packaging formats—such as cup, bowl and bag presentations—while its beverage segment encompasses purified water, iced teas and fruit-based refreshments designed to meet diverse consumer tastes.