Triller Group Inc. (NASDAQ:ILLR) Short Interest Update

Triller Group Inc. (NASDAQ:ILLR) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 110,623 shares, a decrease of 41.7% from the July 30th total of 189,687 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 225,819 shares, the short-interest ratio is currently 0.5 days.

Triller Group Stock Up 0.2%

Shares of ILLR traded up $0.00 during midday trading on Monday, hitting $0.96. The company had a trading volume of 55,170 shares, compared to its average volume of 2,328,114. The company’s 50 day moving average price is $1.56 and its 200 day moving average price is $1.97. The stock has a market cap of $19.60 million, a price-to-earnings ratio of -0.17 and a beta of -1.57. Triller Group has a 52 week low of $0.01 and a 52 week high of $17.30.

Triller Group (NASDAQ:ILLR) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($1.42) EPS for the quarter. The firm had revenue of $5.23 million for the quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Weiss Ratings initiated coverage on Triller Group in a research note on Thursday, June 11th. They issued a “sell (e+)” rating on the stock. Wall Street Zen upgraded Triller Group to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Triller Group by 329.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,730,920 shares of the company’s stock valued at $2,267,000 after acquiring an additional 2,095,390 shares in the last quarter. Geode Capital Management LLC increased its stake in Triller Group by 1,421.5% during the second quarter. Geode Capital Management LLC now owns 1,364,056 shares of the company’s stock valued at $1,269,000 after purchasing an additional 1,274,403 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Triller Group during the first quarter valued at $872,000. Goldman Sachs Group Inc. raised its holdings in shares of Triller Group by 358.6% during the first quarter. Goldman Sachs Group Inc. now owns 527,859 shares of the company’s stock worth $412,000 after purchasing an additional 412,758 shares during the period. Finally, New York State Common Retirement Fund bought a new position in shares of Triller Group in the 2nd quarter worth about $140,000. Institutional investors and hedge funds own 0.04% of the company’s stock.

About Triller Group

Triller Group (NASDAQ: ILLR) is a publicly traded entertainment and technology company known primarily for its ownership and operation of the Triller social video platform. Launched as a competitor to other short-form video services, Triller offers users tools for video creation, music integration and social sharing. The platform caters to a broad audience of content creators, influencers and music artists, enabling them to produce, edit and distribute short videos directly from mobile devices.

Beyond the core app, Triller Group has diversified into live events, digital media and sports content.