TuanChe Limited (NASDAQ:TC) Sees Large Increase in Short Interest

TuanChe Limited (NASDAQ:TC) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 83,800 shares, an increase of 1,209.4% from the March 31st total of 6,400 shares. Currently, 6.1% of the company’s stock are short sold. Based on an average daily trading volume, of 92,400 shares, the days-to-cover ratio is presently 0.9 days.

TuanChe Stock Performance

TuanChe stock traded up $0.03 on Friday, reaching $1.64. 7,324 shares of the stock were exchanged, compared to its average volume of 100,629. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.15. TuanChe has a twelve month low of $1.40 and a twelve month high of $15.75. The firm has a fifty day moving average price of $1.77 and a two-hundred day moving average price of $3.26.

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.