Treasure Global Inc. (NASDAQ:TGL) Short Interest Update

Treasure Global Inc. (NASDAQ:TGL) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 18,614 shares, a drop of 66.2% from the April 15th total of 55,045 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average trading volume of 28,579 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Treasure Global

A hedge fund recently raised its stake in Treasure Global stock. Jane Street Group LLC increased its position in shares of Treasure Global Inc. (NASDAQ:TGL) by 61.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,619 shares of the company’s stock after acquiring an additional 10,893 shares during the quarter. Jane Street Group LLC owned about 1.70% of Treasure Global worth $175,000 as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Treasure Global in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Treasure Global Price Performance

Shares of Treasure Global stock traded down $0.21 during trading on Friday, hitting $3.95. The stock had a trading volume of 26,624 shares, compared to its average volume of 125,549. The firm’s fifty day simple moving average is $4.06 and its 200-day simple moving average is $7.23. The stock has a market cap of $6.64 million, a PE ratio of -0.01 and a beta of 2.90. Treasure Global has a 12 month low of $3.40 and a 12 month high of $58.00.

Treasure Global (NASDAQ:TGL) last issued its quarterly earnings results on Monday, February 23rd. The company reported ($3.47) earnings per share for the quarter. The business had revenue of $1.08 million during the quarter. Treasure Global had a negative return on equity of 53.23% and a negative net margin of 889.11%.

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. Treasure Global Inc was incorporated in 2020 and is based in New York, New York.