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

Token Cat Limited – Sponsored ADR (NASDAQ:TC) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 38,575 shares, an increase of 87.6% from the August 31st total of 20,564 shares. Based on an average daily volume of 77,127 shares, the days-to-cover ratio is presently 0.5 days. Approximately 2.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TC shares. Wall Street Zen lowered shares of Token Cat from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Token Cat in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Token Cat Stock Down 0.8%

Shares of TC stock opened at $1.85 on Tuesday. Token Cat has a 12-month low of $1.49 and a 12-month high of $19.99. The business’s fifty day simple moving average is $2.01 and its 200-day simple moving average is $6.15.

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.