TDH Holdings, Inc. (NASDAQ:PETZ) Short Interest Update

TDH Holdings, Inc. (NASDAQ:PETZ) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 100,340 shares, an increase of 215.2% from the August 31st total of 31,837 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 1,214,665 shares, the short-interest ratio is currently 0.1 days.

Insider Buying and Selling at TDH

In other news, CEO Dandan Liu bought 2,969,692 shares of the stock in a transaction on Thursday, August 27th. The stock was acquired at an average cost of $1.20 per share, for a total transaction of $3,563,630.40. Following the acquisition, the chief executive officer owned 5,069,389 shares of the company’s stock, valued at $6,083,266.80. This represents a 141.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 10.82% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded TDH from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, TDH has a consensus rating of “Sell”.

TDH Stock Performance

PETZ stock traded up $0.02 during trading on Friday, hitting $1.39. 1,203 shares of the company’s stock traded hands, compared to its average volume of 1,114,847. The business has a fifty day simple moving average of $1.32 and a two-hundred day simple moving average of $1.23. TDH has a 1 year low of $0.81 and a 1 year high of $1.82.

TDH Company Profile

TDH Holdings, Inc is a China-based pet food company that develops, manufactures and sells food products for companion animals. Its offerings primarily include pet food and related products for dogs and cats, such as dry food, treats and other snack products.

The company markets its products through a combination of distribution, retail and online sales channels, serving customers in China and potentially other markets through its commercial partners. Its business is focused on the growing companion-animal products sector rather than veterinary services or live-animal sales.

TDH Holdings trades on the Nasdaq Stock Market under the symbol PETZ.