TuanChe Limited (NASDAQ:TC) Short Interest Down 52.9% in June

TuanChe Limited (NASDAQ:TC) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 5,600 shares, a drop of 52.9% from the May 31st total of 11,900 shares. Based on an average daily volume of 50,300 shares, the short-interest ratio is presently 0.1 days.

TuanChe Price Performance

Shares of TC traded down $0.14 during trading hours on Friday, reaching $1.79. The stock had a trading volume of 2,284 shares, compared to its average volume of 12,119. TuanChe has a 12 month low of $1.40 and a 12 month high of $11.25. The firm has a 50-day simple moving average of $2.01 and a 200 day simple moving average of $2.18. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.71 and a quick ratio of 0.71.

About TuanChe

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.