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

Treasure Global Inc. (NASDAQ:TGL) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 308,998 shares, a growth of 201.2% from the September 15th total of 102,590 shares. Based on an average trading volume of 925,417 shares, the short-interest ratio is presently 0.3 days. Approximately 17.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Treasure Global in a research note on Monday, September 21st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Treasure Global currently has an average rating of “Sell”.

Treasure Global Stock Performance

Shares of TGL opened at $0.28 on Wednesday. The stock’s fifty day moving average price is $2.30 and its two-hundred day moving average price is $3.37. Treasure Global has a 1 year low of $0.19 and a 1 year high of $58.00.

About Treasure Global

Treasure Global Inc is a Malaysia-based technology company that develops digital commerce, fintech and mobile payment solutions. The company’s business is designed to connect consumers and merchants through an integrated digital ecosystem that combines payments, promotions, rewards and access to products and services.

Its principal platform, ZCITY, is a mobile application that supports digital payments and provides users with promotional offers, loyalty rewards and other consumer-oriented services.