Tongcheng Travel Holdings Limited (OTCMKTS:TNGCF) Sees Large Decrease in Short Interest

Tongcheng Travel Holdings Limited (OTCMKTS:TNGCF) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 902,100 shares, a drop of 63.8% from the August 15th total of 2,492,300 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Tongcheng Travel Stock Performance

OTCMKTS:TNGCF remained flat at $2.28 during trading hours on Friday. The stock’s 50 day moving average is $2.30 and its 200 day moving average is $2.42. Tongcheng Travel has a fifty-two week low of $2.28 and a fifty-two week high of $2.28.

Tongcheng Travel Company Profile

Tongcheng Travel Holdings Limited, an investment holding company, provides travel related services in the People's Republic of China. The company offers transportation ticketing, accommodation reservation, attraction ticketing, and various ancillary value-added products and services. It also offers platform service of hotel business; and hotel management, business process outsourcing, information technology outsourcing, advertising, and insurance agency services.