Treasure Global Inc. (NASDAQ:TGL) Short Interest Down 66.2% in April

Treasure Global Inc. (NASDAQ:TGL) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 18,614 shares, a drop of 66.2% from the April 15th total of 55,045 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 28,579 shares, the days-to-cover ratio is currently 0.7 days.

Treasure Global Trading Down 2.4%

TGL stock traded down $0.10 during midday trading on Thursday, reaching $4.10. The stock had a trading volume of 8,555 shares, compared to its average volume of 126,521. Treasure Global has a 52-week low of $3.40 and a 52-week high of $58.00. The company’s fifty day simple moving average is $4.07 and its 200 day simple moving average is $7.30. The company has a market cap of $6.89 million, a price-to-earnings ratio of -0.01 and a beta of 2.90.

Treasure Global (NASDAQ:TGL) last issued its earnings results on Monday, February 23rd. The company reported ($3.47) EPS for the quarter. The business had revenue of $1.08 million during the quarter. Treasure Global had a negative net margin of 889.11% and a negative return on equity of 53.23%.

Hedge Funds Weigh In On Treasure Global

An institutional investor recently raised its position in Treasure Global stock. Jane Street Group LLC lifted its holdings in Treasure Global Inc. (NASDAQ:TGL) by 61.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,619 shares of the company’s stock after buying an additional 10,893 shares during the period. Jane Street Group LLC owned approximately 1.70% of Treasure Global worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Treasure Global in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Treasure Global presently has an average rating of “Sell”.

Treasure Global Company Profile

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.