Treasure Global Inc. (NASDAQ:TGL) Sees Significant Drop in Short Interest

Treasure Global Inc. (NASDAQ:TGL) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 17,400 shares, a decrease of 84.9% from the March 31st total of 115,500 shares. Currently, 3.8% of the company’s shares are short sold. Based on an average daily trading volume, of 682,800 shares, the short-interest ratio is presently 0.0 days.

Treasure Global Price Performance

Shares of TGL traded down $0.16 during midday trading on Friday, reaching $4.61. 19,518 shares of the stock were exchanged, compared to its average volume of 99,388. Treasure Global has a 52 week low of $3.11 and a 52 week high of $161.00. The company’s 50 day moving average is $4.46 and its two-hundred day moving average is $9.88.

Treasure Global (NASDAQ:TGL) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.35. Treasure Global had a negative return on equity of 723.98% and a negative net margin of 17.50%. The company had revenue of $6.71 million for the quarter, compared to the consensus estimate of $18.39 million.

Insider Activity at Treasure Global

In other Treasure Global news, CEO Chong Chan Teo bought 16,714 shares of Treasure Global stock in a transaction on Friday, February 2nd. The shares were acquired at an average price of $5.60 per share, for a total transaction of $93,598.40. Following the completion of the purchase, the chief executive officer now directly owns 56,478 shares in the company, valued at approximately $316,276.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.17% of the stock is currently owned by insiders.

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.