Treasure Global Inc. (NASDAQ:TGL) Short Interest Update

Treasure Global Inc. (NASDAQ:TGL) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 122,856 shares, an increase of 728.0% from the August 15th total of 14,838 shares. Approximately 6.7% of the company’s stock are sold short. Based on an average daily volume of 1,097,750 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

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

Treasure Global Price Performance

Treasure Global stock opened at $2.98 on Friday. The firm has a fifty day moving average price of $3.04 and a two-hundred day moving average price of $3.75. Treasure Global has a fifty-two week low of $2.04 and a fifty-two week high of $58.00. The firm has a market cap of $5.81 million, a price-to-earnings ratio of -0.01 and a beta of 2.93.

Institutional Investors Weigh In On Treasure Global

An institutional investor recently raised its position in Treasure Global stock. Jane Street Group LLC lifted its position in shares of Treasure Global Inc. (NASDAQ:TGL) by 61.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,619 shares of the company’s stock after purchasing an additional 10,893 shares during the quarter. Jane Street Group LLC owned approximately 1.70% of Treasure Global worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

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.