Short Interest in Treasure Global Inc. (NASDAQ:TGL) Grows By 352.6%

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

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Treasure Global stock. Schonfeld Strategic Advisors LLC bought a new position in shares of Treasure Global Inc. (NASDAQ:TGL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 19,303 shares of the company’s stock, valued at approximately $118,000. Schonfeld Strategic Advisors LLC owned approximately 1.15% of Treasure Global as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Treasure Global in a research note on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Treasure Global Stock Performance

Shares of TGL traded up $0.06 during midday trading on Friday, hitting $3.89. 13,939 shares of the stock were exchanged, compared to its average volume of 112,667. Treasure Global has a 52-week low of $3.40 and a 52-week high of $58.00. The stock has a fifty day simple moving average of $4.24 and a 200 day simple moving average of $5.06. The firm has a market cap of $7.59 million, a P/E ratio of -0.01 and a beta of 2.90.

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

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.