Token Cat Limited – Sponsored ADR (NASDAQ:TC) Short Interest Down 81.9% in August

Token Cat Limited – Sponsored ADR (NASDAQ:TC) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 20,564 shares, a decrease of 81.9% from the August 15th total of 113,328 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 171,699 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wall Street Zen downgraded Token Cat from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Token Cat in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Token Cat Trading Down 1.5%

NASDAQ TC opened at $1.95 on Friday. The stock has a fifty day simple moving average of $2.06 and a 200-day simple moving average of $6.90. Token Cat has a twelve month low of $1.49 and a twelve month high of $19.99.

About Token Cat

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. The company also offers business and technical support, and consulting services; online marketing services through various online platforms, including tuanche.com website, WeChat account, WeChat mini-program, mobile applications, and Cheshangtong, a SaaS product; and referral services for commercial bank to enhance its auto loan business.