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

TuanChe Limited (NASDAQ:TC) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 2,100 shares, a decrease of 62.5% from the June 15th total of 5,600 shares. Based on an average daily trading volume, of 45,300 shares, the days-to-cover ratio is presently 0.0 days.

TuanChe Stock Down 8.4 %

Shares of NASDAQ TC traded down $0.15 during mid-day trading on Friday, reaching $1.64. 16,580 shares of the company were exchanged, compared to its average volume of 18,296. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.15. TuanChe has a 1 year low of $1.40 and a 1 year high of $11.25. The firm has a 50-day moving average of $2.03 and a 200 day moving average of $2.09.

TuanChe Company Profile

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.