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

Treasure Global Inc. (NASDAQ:TGLGet Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 122,856 shares, an increase of 728.0% from the August 15th total of 14,838 shares. Based on an average daily volume of 1,097,750 shares, the days-to-cover ratio is currently 0.1 days. Approximately 6.7% of the shares of the company are short sold.

Treasure Global Stock Performance

NASDAQ TGL opened at $2.98 on Friday. Treasure Global has a 1 year low of $2.04 and a 1 year high of $58.00. The stock has a market capitalization of $5.81 million, a P/E ratio of -0.01 and a beta of 2.93. The business’s fifty day moving average is $3.04 and its two-hundred day moving average is $3.75.

Institutional Trading of Treasure Global

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Treasure Global in a research report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Treasure Global has an average rating of “Sell”.

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Treasure Global Company Profile

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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.

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