Short Interest in TuanChe Limited (NASDAQ:TC) Increases By 1,209.4%

TuanChe Limited (NASDAQ:TC) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 83,800 shares, a growth of 1,209.4% from the March 31st total of 6,400 shares. Based on an average daily volume of 92,400 shares, the short-interest ratio is currently 0.9 days. Approximately 6.1% of the shares of the company are sold short.

TuanChe Stock Up 1.9 %

TC traded up $0.03 on Friday, hitting $1.64. 7,324 shares of the company’s stock traded hands, compared to its average volume of 100,629. The company’s 50 day simple moving average is $1.77 and its 200-day simple moving average is $3.26. TuanChe has a one year low of $1.40 and a one year high of $15.75. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.15.

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.