The trading price of Tuscan Holdings Corp. (NASDAQ:THCB) closed lower on Friday, Feb 19, closing at $18.65, -1.45% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $18.10 and $19.22. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $25.2 and a 52-week low of $9.16. Over the past month, the stock has gained 19.27% in value.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Tuscan Holdings Corp. no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest THCB has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
An evaluation of the daily trading volume of Tuscan Holdings Corp. (NASDAQ:THCB) indicates that the 3-month average is 4.67 Million. However, this figure has declined over the past 10 days to an average of 2.13 Million.
Currently, records show that 35.49 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 20.85% of outstanding shares, whereas institutions hold 75.69%. The stats also highlight that short interest as of January 28, 2021, stood at 422.26 Million shares, resulting in a short ratio of 0.17 at that time. From this, we can conclude that short interest is 1.19% of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 342.28 Million. However, since the stock’s price has seen +7.49% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.