TuanChe Limited (NASDAQ:TC) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 3,400 shares, a decrease of 64.9% from the August 15th total of 9,700 shares. Based on an average daily volume of 26,100 shares, the short-interest ratio is presently 0.1 days.
TC stock traded up $0.09 during midday trading on Thursday, reaching $2.26. 100 shares of the company traded hands, compared to its average volume of 31,644. TuanChe has a 52-week low of $1.75 and a 52-week high of $6.65. The business has a 50 day moving average of $2.52 and a 200-day moving average of $3.21. The firm has a market capitalization of $45.46 million, a price-to-earnings ratio of -3.14 and a beta of 0.12.
TuanChe (NASDAQ:TC) last issued its quarterly earnings data on Tuesday, June 29th. The company reported ($0.64) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.84) by $0.20. TuanChe had a negative return on equity of 39.23% and a negative net margin of 30.11%. The business had revenue of $12.35 million for the quarter.
TuanChe Company Profile
TuanChe Ltd. operates as a holding company, which engages in the operation of an omni-channel automotive marketplace. It offers auto shows, group-purchase facilitation, and virtual dealership services. The company was founded by Wei Wen and Jian Chen Sun in 2010 and is headquartered in Beijing, China.
Featured Story: What are the advantages of the Stochastic Momentum Index?
Receive News & Ratings for TuanChe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TuanChe and related companies with MarketBeat.com's FREE daily email newsletter.