Takung Art Co Ltd (NYSEAMERICAN:TKAT) Sees Significant Drop in Short Interest

Takung Art Co Ltd (NYSEAMERICAN:TKAT) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 3,900 shares, a decline of 71.9% from the June 30th total of 13,900 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 9,100 shares, the short-interest ratio is currently 0.4 days.

TKAT stock opened at $0.84 on Friday. Takung Art has a 12-month low of $0.35 and a 12-month high of $2.38.

Takung Art (NYSEAMERICAN:TKAT) last released its earnings results on Monday, June 29th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $1.18 million for the quarter.

About Takung Art

Takung Art Co, Ltd., through its subsidiaries, operates an electronic online platform for artists, art dealers, and art investors to offer and trade in valuable artwork primarily in the People's Republic of China. Its electronic online platform is located at www.takungae.com. The company offers online listing and trading services that allow artists/art dealers/owners to access art trading market where they can engage with a range of investors.

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