Treasure Global Inc. (NASDAQ:TGL) Sees Large Growth in Short Interest

Treasure Global Inc. (NASDAQ:TGL) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 253,600 shares, a growth of 326.9% from the September 15th total of 59,400 shares. Currently, 13.6% of the shares of the stock are short sold. Based on an average daily volume of 3,810,000 shares, the days-to-cover ratio is presently 0.1 days.

Treasure Global Price Performance

Shares of TGL traded up $0.01 during midday trading on Thursday, reaching $0.80. The stock had a trading volume of 48,081 shares, compared to its average volume of 1,521,417. The firm’s 50 day moving average price is $0.93 and its 200-day moving average price is $2.70. The company has a market capitalization of $8.84 million, a P/E ratio of -0.18 and a beta of 2.85. Treasure Global has a 52 week low of $0.54 and a 52 week high of $43.75.

Treasure Global Company Profile

Treasure Global Inc offers e-commerce activities through its platform. Its platform provides consumers and merchants instant rebates and affiliate cashback programs, while providing a seamless e-payment solution with rebates in both e-commerce and physical retailers/merchant settings. The company offers ZCITY App, a payment gateway platform.