Triller Group Inc. (NASDAQ:ILLR) Short Interest Update

Triller Group Inc. (NASDAQ:ILLR) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 110,623 shares, a drop of 41.7% from the July 30th total of 189,687 shares. Based on an average trading volume of 225,819 shares, the short-interest ratio is currently 0.5 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Trading of Triller Group

Several large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC raised its stake in Triller Group by 267.9% during the 3rd quarter. Virtu Financial LLC now owns 45,741 shares of the company’s stock valued at $38,000 after acquiring an additional 33,308 shares in the last quarter. Invesco Ltd. bought a new position in shares of Triller Group in the second quarter worth $49,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Triller Group during the second quarter valued at $52,000. Bank of America Corp DE raised its stake in shares of Triller Group by 645.3% during the second 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 in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Triller Group by 1,551.6% during the second 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 in the last quarter. 0.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wall Street Zen upgraded Triller Group to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings started coverage on Triller Group in a report on Thursday, June 11th. They issued a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Triller Group Price Performance

Shares of ILLR stock traded up $0.00 during trading hours on Monday, reaching $0.96. The stock had a trading volume of 55,170 shares, compared to its average volume of 2,328,114. Triller Group has a twelve month low of $0.01 and a twelve month high of $17.30. The firm has a 50-day simple moving average of $1.56 and a 200-day simple moving average of $1.97. The firm has a market capitalization of $19.60 million, a PE ratio of -0.17 and a beta of -1.57.

Triller Group (NASDAQ:ILLR) last posted its earnings results on Thursday, August 13th. The company reported ($1.42) earnings per share (EPS) for the quarter. The business had revenue of $5.23 million for the quarter.

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.