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

Token Cat Limited – Sponsored ADR (NASDAQ:TC) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 27,114 shares, a growth of 384.4% from the June 15th total of 5,597 shares. Based on an average daily volume of 759,709 shares, the short-interest ratio is currently 0.0 days. Currently, 1.6% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Token Cat in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Token Cat stock. Sabby Management LLC acquired a new stake in shares of Token Cat Limited – Sponsored ADR (NASDAQ:TC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,983 shares of the company’s stock, valued at approximately $55,000. Token Cat comprises 0.1% of Sabby Management LLC’s portfolio, making the stock its 24th largest holding. Sabby Management LLC owned approximately 0.24% of Token Cat as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 8.88% of the company’s stock.

Token Cat Price Performance

Shares of NASDAQ:TC traded down $0.01 during trading on Monday, hitting $2.20. The company had a trading volume of 253,744 shares, compared to its average volume of 4,350,411. The company has a fifty day simple moving average of $7.70 and a two-hundred day simple moving average of $9.31. Token Cat has a one year low of $1.49 and a one year high of $22.46.

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.