TuanChe Limited (NASDAQ:TC) Short Interest Update

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.

Hedge funds and other institutional investors have recently modified their holdings of the company. Reilly Financial Advisors LLC purchased a new stake in shares of TuanChe in the second quarter worth approximately $479,000. Citadel Advisors LLC raised its holdings in shares of TuanChe by 131.3% in the first quarter. Citadel Advisors LLC now owns 24,518 shares of the company’s stock worth $98,000 after buying an additional 13,918 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of TuanChe by 99.2% in the first quarter. Renaissance Technologies LLC now owns 78,693 shares of the company’s stock worth $315,000 after buying an additional 39,195 shares during the period. Hedge funds and other institutional investors own 0.36% of the company’s stock.

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.

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