TuanChe Limited (NASDAQ:TC) Sees Large Decrease in Short Interest

TuanChe Limited (NASDAQ:TC) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 6,900 shares, a decline of 62.5% from the September 30th total of 18,400 shares. Based on an average daily volume of 109,700 shares, the short-interest ratio is presently 0.1 days.

Shares of TuanChe stock opened at $4.22 on Thursday. The company has a market cap of $83.11 million, a PE ratio of -10.82 and a beta of 0.04. TuanChe has a 1-year low of $2.70 and a 1-year high of $10.95.

TuanChe (NASDAQ:TC) last released its earnings results on Friday, September 18th. The company reported ($0.07) earnings per share for the quarter. The firm had revenue of $7.75 million during the quarter. TuanChe had a negative net margin of 55.17% and a negative return on equity of 51.28%.

About TuanChe

TuanChe Limited, through with its subsidiaries, operates as an omni-channel automotive marketplace in China. It organizes auto shows and group-purchase events that attract various consumers; 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.

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