Treasure Global Inc. (NASDAQ:TGL) Short Interest Update

Treasure Global Inc. (NASDAQ:TGL) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 12,151 shares, a decrease of 77.3% from the June 15th total of 53,469 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily volume of 37,851 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Treasure Global

A hedge fund recently bought a new stake in Treasure Global stock. Schonfeld Strategic Advisors LLC acquired a new position in Treasure Global Inc. (NASDAQ:TGL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,303 shares of the company’s stock, valued at approximately $118,000. Schonfeld Strategic Advisors LLC owned about 1.15% of Treasure Global as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Treasure Global in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Treasure Global Trading Up 0.3%

Shares of TGL stock traded up $0.01 during mid-day trading on Friday, reaching $3.79. The stock had a trading volume of 6,860 shares, compared to its average volume of 50,010. Treasure Global has a 52-week low of $3.40 and a 52-week high of $58.00. The firm has a market capitalization of $7.39 million, a PE ratio of -0.01 and a beta of 2.90. The stock’s 50-day moving average price is $4.15 and its two-hundred day moving average price is $4.64.

Treasure Global (NASDAQ:TGL) last announced its earnings results on Wednesday, May 20th. The company reported ($2.70) EPS for the quarter, beating analysts’ consensus estimates of ($11,200.00) by $11,197.30. Treasure Global had a negative net margin of 791.30% and a negative return on equity of 94.34%. The firm had revenue of $1.50 million for the quarter, compared to analysts’ expectations of $14.26 million.

About Treasure Global

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. Treasure Global Inc was incorporated in 2020 and is based in New York, New York.