Treasure Global Inc. (NASDAQ:TGL) Sees Significant Decline in Short Interest

Treasure Global Inc. (NASDAQ:TGL) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 12,151 shares, a drop of 77.3% from the June 15th total of 53,469 shares. Based on an average daily trading volume, of 37,851 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.7% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Treasure Global in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Treasure Global has a consensus rating of “Sell”.

Treasure Global Price Performance

Shares of NASDAQ TGL traded up $0.01 during trading on Friday, reaching $3.79. 6,860 shares of the stock traded hands, compared to its average volume of 50,010. Treasure Global has a 52-week low of $3.40 and a 52-week high of $58.00. The company has a 50-day moving average of $4.15 and a 200-day moving average of $4.64. The stock has a market capitalization of $7.39 million, a P/E ratio of -0.01 and a beta of 2.90.

Treasure Global (NASDAQ:TGL) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($2.70) earnings per share for the quarter, topping the consensus estimate of ($11,200.00) by $11,197.30. The company had revenue of $1.50 million during 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%.

Institutional Trading of Treasure Global

A hedge fund recently bought a new position 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 the company in its most recent disclosure 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 1.15% of Treasure Global at the end of the most recent quarter.

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.