Short Interest in Treasure Global Inc. (NASDAQ:TGL) Grows By 352.6%

Treasure Global Inc. (NASDAQ:TGL) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 53,469 shares, an increase of 352.6% from the May 31st total of 11,814 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average daily volume of 164,947 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Treasure Global stock. Jane Street Group LLC raised its stake in Treasure Global Inc. (NASDAQ:TGL) by 61.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,619 shares of the company’s stock after purchasing an additional 10,893 shares during the quarter. Jane Street Group LLC owned approximately 1.70% of Treasure Global worth $175,000 at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Treasure Global in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Treasure Global Trading Up 1.6%

Shares of TGL stock opened at $3.89 on Friday. Treasure Global has a 1 year low of $3.40 and a 1 year high of $58.00. The firm’s fifty day moving average price is $4.24 and its two-hundred day moving average price is $5.06. The firm has a market capitalization of $7.59 million, a P/E ratio of -0.01 and a beta of 2.90.

Treasure Global (NASDAQ:TGL) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($2.70) EPS for the quarter, topping analysts’ consensus estimates of ($11,200.00) by $11,197.30. The company had revenue of $1.50 million during the quarter, compared to the consensus estimate of $14.26 million. Treasure Global had a negative net margin of 791.30% and a negative return on equity of 94.34%.

Treasure Global Company Profile

Treasure Global Inc offers e-commerce activities through its platform. Its platform provides consumers and merchants instant rebates and affiliate cashback programs, while providing a seamless e-payment solution with rebates in both e-commerce and physical retailers/merchant settings. The company offers ZCITY App, a payment gateway platform. Treasure Global Inc was incorporated in 2020 and is based in New York, New York.