Could TELEVISION BROADCASTS LTD ORD ORDINARY S (OTCMKTS:TVBCF) Change Direction After More Shorts?

June 13, 2018 - By Nellie Frank

The stock of TELEVISION BROADCASTS LTD ORD ORDINARY S (OTCMKTS:TVBCF) registered an increase of 6.22% in short interest. TVBCF’s total short interest was 2.09 million shares in June as published by FINRA. Its up 6.22% from 1.97 million shares, reported previously. With 100 shares average volume, it will take short sellers 20930 days to cover their TVBCF’s short positions. The short interest to TELEVISION BROADCASTS LTD ORD ORDINARY S’s float is 0.65%.

It closed at $3.38 lastly. It is down 0.00% since June 13, 2017 and is . It has underperformed by 12.57% the S&P500.

Television Broadcasts Limited, together with its subsidiaries, engages in terrestrial television broadcasting, program production, and other television-related activities. The company has market cap of $1.54 billion. It operates through Hong Kong TV Broadcasting, Hong Kong Digital New Media Business, Programme Licensing and Distribution, Overseas Pay TV Operations, Channel Operations, and Other Activities divisions. It has a 47.61 P/E ratio. The Hong Kong TV Broadcasting segment is involved in the broadcasting of television programs on terrestrial TV platform; broadcasting of commercials on terrestrial and pay TV platforms; and production of programs.

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