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

Tongcheng Travel Holdings Limited (OTCMKTS:TNGCF) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,911,500 shares, a decrease of 30.8% from the December 31st total of 2,760,900 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is currently 735.2 days.

Tongcheng Travel Price Performance

TNGCF remained flat at $2.30 during trading on Friday. Tongcheng Travel has a 12 month low of $2.28 and a 12 month high of $2.30. The business’s fifty day moving average is $2.29 and its two-hundred day moving average is $2.29.

About Tongcheng Travel

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.