Short traders are feeling a little more bullish recently if you consider the motion in short interest. The stock experienced a fall in short interest of -13.30% as of the latest report on August 31, 2017. Short shares fell 747 over that timeframe.
A few notable investment firms have updated their holdings. Deschutes Portfolio Strategy, LLC added to its holdings by buying 1,000 shares an increase of 0.2% as of 06/30/2017. Deschutes Portfolio Strategy, LLC controls 450,700 shares valued at $3,908,000. The value of the position overall is up by 1.4%. As of the end of the quarter Tower Research Capital LLC (trc) had sold 565 shares trimming its position 100.0%. The value of the investment in (TTF) went from $5,000 to $0 a change of 100.0% for the reporting period.
As of quarter end Rmb Capital Management, LLC had disposed of a total of 22,003 shares trimming its holdings by 22.2%. The value of the total investment in Thai Fund, Inc. (The) decreased from $848,000 to $667,000 decreasing 21.3% since the last quarter. As of the end of the quarter City Of London Investment Management Co Ltd had sold a total of 26,041 shares trimming its stake by 0.7%. The value in dollars increased from $33,338,000 to $33,521,000 a change of $183,000 quarter to quarter.
The company is now down by 0.63%% since yesterday’s close of 9.51. The stock last traded at $9.45 just above $9.02, the stock’s 50 day moving average and which is slightly above the 200 day moving average of $8.69. The 50 day moving average went up by +4.75% and the 200 day average went up $0.76 or +8.72%.
The Thai Fund, Inc. (the Fund), launched on June 10, 1987, is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investment primarily in equity securities of companies organized under the laws of the Kingdom of Thailand. The Fund makes its investments in Thailand through the Thai Investment Plan (the Plan). The Fund is the sole unit holder of the Plan. The Fund may invest in unregistered or otherwise restricted securities..