TuanChe Limited (NASDAQ:TC) Sees Large Decrease in Short Interest

TuanChe Limited (NASDAQ:TC) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 2,100 shares, a drop of 62.5% from the June 15th total of 5,600 shares. Based on an average daily volume of 45,300 shares, the days-to-cover ratio is currently 0.0 days.

TuanChe Stock Performance

Shares of TC stock traded down $0.15 during mid-day trading on Friday, hitting $1.64. 16,580 shares of the company’s stock were exchanged, compared to its average volume of 18,296. TuanChe has a fifty-two week low of $1.40 and a fifty-two week high of $11.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a 50-day simple moving average of $2.03 and a two-hundred day simple moving average of $2.09.

TuanChe Company Profile

TuanChe Limited, through its subsidiaries, operates as an omni-channel automotive marketplace in China and internationally. It organizes auto shows and special promotion events; and provides integrated marketing solutions to industry customers, which include automakers, franchised dealerships, secondary dealers, and automotive service providers, as well as enable interactions between participants on both sides of a potential transaction.