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

Treasure Global Inc. (NASDAQ:TGL) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 53,469 shares, a growth of 352.6% from the May 31st total of 11,814 shares. Based on an average trading volume of 164,947 shares, the short-interest ratio is presently 0.3 days. Currently, 3.3% of the company’s stock are sold short.

Treasure Global Price Performance

TGL stock opened at $3.89 on Monday. The stock has a market capitalization of $7.59 million, a P/E ratio of -0.01 and a beta of 2.90. The business has a 50-day moving average of $4.24 and a 200-day moving average of $4.95. Treasure Global has a fifty-two week low of $3.40 and a fifty-two week high of $58.00.

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

Hedge Funds Weigh In On Treasure Global

A hedge fund 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 fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,619 shares of the company’s stock after purchasing an additional 10,893 shares during the quarter. Jane Street Group LLC owned 1.70% of Treasure Global worth $175,000 as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Treasure Global in a report on Wednesday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Treasure Global presently has a consensus rating of “Sell”.

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.