Short Interest in TuanChe Limited (NASDAQ:TC) Decreases By 62.5%

TuanChe Limited (NASDAQ:TC) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 2,100 shares, a decline of 62.5% from the June 15th total of 5,600 shares. Based on an average trading volume of 45,300 shares, the short-interest ratio is currently 0.0 days.

TuanChe Stock Performance

Shares of NASDAQ TC traded down $0.14 during midday trading on Thursday, reaching $1.79. The company had a trading volume of 224,432 shares, compared to its average volume of 56,926. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.15. The business’s 50-day simple moving average is $2.05 and its 200 day simple moving average is $2.10. TuanChe has a 1 year low of $1.40 and a 1 year high of $11.25.

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.