TuanChe Limited (NASDAQ:TC) Sees Significant Growth in Short Interest

TuanChe Limited (NASDAQ:TC) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 22,800 shares, a growth of 985.7% from the June 30th total of 2,100 shares. Based on an average daily trading volume, of 35,600 shares, the days-to-cover ratio is presently 0.6 days.

TuanChe Stock Down 4.6 %

Shares of TuanChe stock traded down $0.08 during trading on Friday, reaching $1.66. The company’s stock had a trading volume of 15,223 shares, compared to its average volume of 57,852. TuanChe has a one year low of $1.40 and a one year high of $11.25. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average price is $1.95 and its 200-day moving average price is $1.99.

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.