Token Cat Limited – Sponsored ADR (NASDAQ:TC) Sees Large Decrease in Short Interest

Token Cat Limited – Sponsored ADR (NASDAQ:TC) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 324,653 shares, a decline of 35.3% from the July 15th total of 501,558 shares. Currently, 18.9% of the shares of the company are short sold. Based on an average daily trading volume, of 1,462,789 shares, the short-interest ratio is presently 0.2 days.

Token Cat Stock Performance

Shares of TC stock opened at $2.28 on Tuesday. Token Cat has a 12 month low of $1.49 and a 12 month high of $22.46. The firm has a fifty day simple moving average of $4.16 and a two-hundred day simple moving average of $8.16.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wall Street Zen raised shares of Token Cat to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Token Cat in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Token Cat has an average rating of “Sell”.

Token Cat 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. The company also offers business and technical support, and consulting services; online marketing services through various online platforms, including tuanche.com website, WeChat account, WeChat mini-program, mobile applications, and Cheshangtong, a SaaS product; and referral services for commercial bank to enhance its auto loan business.