Triller Group Inc. (NASDAQ:ILLR) Short Interest Down 83.3% in July

Triller Group Inc. (NASDAQ:ILLR) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 198,007 shares, a decline of 83.3% from the June 30th total of 1,188,501 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 1,574,792 shares, the short-interest ratio is currently 0.1 days.

Triller Group Trading Down 0.8%

NASDAQ:ILLR traded down $0.01 during mid-day trading on Friday, hitting $1.19. The company’s stock had a trading volume of 258,443 shares, compared to its average volume of 6,145,217. The company has a market capitalization of $23.67 million, a price-to-earnings ratio of -0.17 and a beta of -1.65. Triller Group has a fifty-two week low of $0.01 and a fifty-two week high of $17.30. The stock has a fifty day moving average of $2.12 and a 200-day moving average of $1.95.

Wall Street Analyst Weigh In

Several brokerages recently commented on ILLR. Wall Street Zen raised Triller Group to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings initiated coverage on shares of Triller Group in a report on Thursday, June 11th. They issued a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Triller Group currently has an average rating of “Sell”.

Institutional Investors Weigh In On Triller Group

Several large investors have recently modified their holdings of the stock. Virtu Financial LLC raised its holdings in shares of Triller Group by 267.9% in the 3rd quarter. Virtu Financial LLC now owns 45,741 shares of the company’s stock worth $38,000 after buying an additional 33,308 shares in the last quarter. Vanguard Group Inc. boosted its stake in Triller Group by 329.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,730,920 shares of the company’s stock valued at $2,267,000 after buying an additional 2,095,390 shares in the last quarter. JPMorgan Chase & Co. grew its position in Triller Group by 15.5% in the third quarter. JPMorgan Chase & Co. now owns 139,821 shares of the company’s stock valued at $116,000 after acquiring an additional 18,811 shares during the period. Bank of America Corp DE grew its position in Triller Group by 645.3% in the second quarter. Bank of America Corp DE now owns 56,587 shares of the company’s stock valued at $53,000 after acquiring an additional 48,994 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Triller Group during the second quarter worth $52,000. 0.04% of the stock is currently owned by institutional investors.

About Triller Group

Triller Group (NASDAQ: ILLR) is a publicly traded entertainment and technology company known primarily for its ownership and operation of the Triller social video platform. Launched as a competitor to other short-form video services, Triller offers users tools for video creation, music integration and social sharing. The platform caters to a broad audience of content creators, influencers and music artists, enabling them to produce, edit and distribute short videos directly from mobile devices.

Beyond the core app, Triller Group has diversified into live events, digital media and sports content.