TuanChe Limited (NASDAQ:TC) Sees Large Growth in Short Interest

TuanChe Limited (NASDAQ:TC) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 30,000 shares, a growth of 18.6% from the February 13th total of 25,300 shares. Based on an average daily volume of 713,700 shares, the short-interest ratio is presently 0.0 days. Approximately 1.0% of the shares of the stock are sold short.

TuanChe Stock Performance

Shares of TuanChe stock opened at $0.79 on Thursday. TuanChe has a 1 year low of $0.72 and a 1 year high of $4.30. The business has a 50 day moving average price of $0.90 and a 200 day moving average price of $1.15.

About TuanChe

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.