Token Cat Limited – Sponsored ADR (NASDAQ:TC) Short Interest Update

Token Cat Limited – Sponsored ADR (NASDAQ:TC) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 501,558 shares, an increase of 1,749.8% from the June 30th total of 27,114 shares. Based on an average daily trading volume, of 7,808,967 shares, the short-interest ratio is currently 0.1 days. Currently, 29.1% of the company’s shares are short sold.

Token Cat Stock Performance

Shares of NASDAQ:TC traded up $0.42 during trading on Friday, hitting $2.30. The company’s stock had a trading volume of 12,802,633 shares, compared to its average volume of 4,602,772. Token Cat has a fifty-two week low of $1.49 and a fifty-two week high of $22.46. The business has a 50 day moving average price of $6.34 and a two-hundred day moving average price of $8.97.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Token Cat in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

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.