Short Interest in Triller Group Inc. (NASDAQ:ILLR) Declines By 47.9%

Triller Group Inc. (NASDAQ:ILLR) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,068,776 shares, a decrease of 47.9% from the April 30th total of 2,049,510 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 507,230 shares, the short-interest ratio is presently 2.1 days.

Triller Group Trading Down 6.3%

Triller Group stock traded down $0.02 during mid-day trading on Tuesday, hitting $0.22. The company’s stock had a trading volume of 757,161 shares, compared to its average volume of 1,352,309. The firm has a market capitalization of $44.28 million, a PE ratio of -0.32 and a beta of -1.64. Triller Group has a 1 year low of $0.00 and a 1 year high of $1.73. The stock’s fifty day moving average is $0.22 and its two-hundred day moving average is $0.27.

Triller Group (NASDAQ:ILLR) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.16) earnings per share for the quarter. The company had revenue of $5.03 million during the quarter.

Institutional Trading of Triller Group

Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC increased its holdings in Triller Group by 267.9% in the 3rd quarter. Virtu Financial LLC now owns 45,741 shares of the company’s stock valued at $38,000 after purchasing an additional 33,308 shares during the last quarter. Invesco Ltd. acquired a new stake in Triller Group in the 2nd quarter valued at approximately $49,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Triller Group in the 2nd quarter valued at approximately $52,000. Bank of America Corp DE increased its holdings in Triller Group by 645.3% in the 2nd quarter. Bank of America Corp DE now owns 56,587 shares of the company’s stock valued at $53,000 after purchasing an additional 48,994 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Triller Group by 1,551.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 121,010 shares of the company’s stock valued at $113,000 after purchasing an additional 113,683 shares during the last quarter. Institutional investors and hedge funds own 0.04% of the company’s stock.

About Triller Group

Triller Group (NASDAQ: ILLR) is a publicly traded entertainment and technology company known primarily for its ownership and operation of the Triller social video platform. Launched as a competitor to other short-form video services, Triller offers users tools for video creation, music integration and social sharing. The platform caters to a broad audience of content creators, influencers and music artists, enabling them to produce, edit and distribute short videos directly from mobile devices.

Beyond the core app, Triller Group has diversified into live events, digital media and sports content.