TuanChe Limited (NASDAQ:TC) Sees Significant Increase in Short Interest

TuanChe Limited (NASDAQ:TC) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 30,000 shares, a growth of 18.6% from the February 13th total of 25,300 shares. Based on an average daily volume of 713,700 shares, the short-interest ratio is currently 0.0 days. Approximately 1.0% of the shares of the stock are sold short.

TuanChe Trading Up 0.7 %

Shares of NASDAQ TC opened at $0.79 on Friday. TuanChe has a 52-week low of $0.72 and a 52-week high of $4.30. The firm’s fifty day moving average is $0.90 and its two-hundred day moving average is $1.15.

TuanChe 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.