Triller Group Inc. (NASDAQ:ILLR) Short Interest Down 83.3% in July

Triller Group Inc. (NASDAQ:ILLR) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 198,007 shares, a decline of 83.3% from the June 30th total of 1,188,501 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,574,792 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Triller Group

A number of hedge funds have recently modified their holdings of ILLR. Virtu Financial LLC increased its holdings in Triller Group by 267.9% in the third quarter. Virtu Financial LLC now owns 45,741 shares of the company’s stock worth $38,000 after buying an additional 33,308 shares during the last quarter. Invesco Ltd. bought a new position in Triller Group in the 2nd quarter worth $49,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Triller Group during the 2nd quarter worth about $52,000. Bank of America Corp DE lifted its holdings in shares of Triller Group by 645.3% during the second quarter. Bank of America Corp DE now owns 56,587 shares of the company’s stock worth $53,000 after buying an additional 48,994 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Triller Group by 1,551.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 121,010 shares of the company’s stock valued at $113,000 after purchasing an additional 113,683 shares during the last quarter. 0.04% of the stock is owned by institutional investors and hedge funds.

Triller Group Stock Down 0.8%

Shares of Triller Group stock traded down $0.01 during midday trading on Friday, hitting $1.19. The company’s stock had a trading volume of 258,443 shares, compared to its average volume of 6,145,217. The firm has a market capitalization of $23.67 million, a P/E ratio of -0.17 and a beta of -1.65. The stock has a 50-day simple moving average of $2.12 and a 200-day simple moving average of $1.95. Triller Group has a 1-year low of $0.01 and a 1-year high of $17.30.

Wall Street Analysts Forecast Growth

ILLR has been the subject of a number of analyst reports. Wall Street Zen raised shares of Triller Group to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings initiated coverage on shares of Triller Group in a research report on Thursday, June 11th. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Triller Group presently has an average rating of “Sell”.

About Triller Group

Triller Group (NASDAQ: ILLR) is a publicly traded entertainment and technology company known primarily for its ownership and operation of the Triller social video platform. Launched as a competitor to other short-form video services, Triller offers users tools for video creation, music integration and social sharing. The platform caters to a broad audience of content creators, influencers and music artists, enabling them to produce, edit and distribute short videos directly from mobile devices.

Beyond the core app, Triller Group has diversified into live events, digital media and sports content.