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

Treasure Global Inc. (NASDAQ:TGLGet Free Report) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 199,100 shares, a growth of 632.0% from the May 15th total of 27,200 shares. Currently, 9.4% of the company’s stock are sold short. Based on an average trading volume of 3,400,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Treasure Global

A hedge fund recently bought a new stake in Treasure Global stock. Renaissance Technologies LLC acquired a new stake in shares of Treasure Global Inc. (NASDAQ:TGLFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 565,800 shares of the company’s stock, valued at approximately $100,000. Renaissance Technologies LLC owned about 1.21% of Treasure Global at the end of the most recent reporting period.

Treasure Global Price Performance

Shares of NASDAQ:TGL opened at $1.32 on Friday. The stock has a 50 day moving average price of $1.92 and a 200-day moving average price of $6.59. Treasure Global has a 52-week low of $1.22 and a 52-week high of $185.00.

Treasure Global (NASDAQ:TGLGet Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.45) earnings per share for the quarter. The firm had revenue of $0.67 million for the quarter. Treasure Global had a negative net margin of 185.07% and a negative return on equity of 57.02%.

About Treasure Global

(Get Free Report)

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.

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