Token Cat Limited – Sponsored ADR (NASDAQ:TC) Stock Short Interest Report for October

Token Cat Limited – Sponsored ADR (NASDAQ:TC) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 302,346 shares, a growth of 981.8% from the September 30th total of 27,949 shares. Based on an average daily trading volume, of 4,030,434 shares, the days-to-cover ratio is presently 0.1 days. Approximately 17.6% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

TC has been the subject of several recent research reports. Wall Street Zen raised Token Cat from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Token Cat in a research note on Monday, October 19th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Token Cat has a consensus rating of “Sell”.

Token Cat Stock Up 1.8%

Shares of TC stock traded up $0.02 during trading hours on Tuesday, reaching $1.18. The company had a trading volume of 56,393 shares, compared to its average volume of 865,264. The business has a fifty day simple moving average of $1.78 and a 200-day simple moving average of $6.67. Token Cat has a 12 month low of $1.14 and a 12 month high of $19.99.

Token Cat (NASDAQ:TC) last announced its quarterly earnings results on Thursday, October 15th. The company reported ($0.71) earnings per share for the quarter. The firm had revenue of $1.43 million during the quarter.

Token Cat Company Profile

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.