Tingyi (Cayman Islands) Holding Corp. (OTCMKTS:TYCMY) Sees Significant Growth in Short Interest

by · The Markets Daily

Tingyi (Cayman Islands) Holding Corp. (OTCMKTS:TYCMY – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 6,000 shares, a growth of 361.5% from the September 30th total of 1,300 shares. Based on an average daily trading volume, of 5,100 shares, the short-interest ratio is presently 1.2 days.

Tingyi (Cayman Islands) Stock Performance

Shares of OTCMKTS:TYCMY traded down C$0.21 during midday trading on Friday, hitting C$30.21. The company’s stock had a trading volume of 3,747 shares, compared to its average volume of 6,902. Tingyi has a 12-month low of C$18.09 and a 12-month high of C$32.98. The business’s 50 day simple moving average is C$28.33 and its 200 day simple moving average is C$25.59.

Tingyi (Cayman Islands) Company Profile

(Get Free Report)

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, bottled water, and carbonated soft drinks; various noodles; and coffee/functional/probiotics drinks.

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