TROOPS, Inc. (NASDAQ:TROO) Sees Significant Decrease in Short Interest

TROOPS, Inc. (NASDAQ:TROO) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 108,000 shares, a drop of 22.5% from the September 15th total of 139,400 shares. Based on an average daily volume of 68,800 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.2% of the company’s stock are short sold.

TROOPS Stock Up 5.2 %

TROO stock traded up $0.11 during midday trading on Tuesday, reaching $2.23. 7,086 shares of the company were exchanged, compared to its average volume of 107,976. TROOPS has a 1-year low of $0.73 and a 1-year high of $4.89. The stock’s 50-day simple moving average is $3.64 and its 200 day simple moving average is $2.51.

TROOPS Company Profile

TROOPS, Inc, together with its subsidiaries, engages in the money lending business in Hong Kong and Australia. The company provides mortgage, personal, and corporate loans; operates online financial marketplace through a platform for money lending, system integration, and consultation services; and invests in real estate properties in Hong Kong.