Token Cat Limited – Sponsored ADR (NASDAQ:TC) Shares Shorted: Short Interest Up 87.6% in September

Token Cat Limited – Sponsored ADR (NASDAQ:TC) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 38,575 shares, a growth of 87.6% from the August 31st total of 20,564 shares. Currently, 2.2% of the company’s shares are short sold. Based on an average daily trading volume, of 77,127 shares, the short-interest ratio is presently 0.5 days.

Token Cat Stock Down 1.4%

Shares of Token Cat stock traded down $0.02 during trading hours on Wednesday, reaching $1.69. 13,911 shares of the company were exchanged, compared to its average volume of 683,275. Token Cat has a 1 year low of $1.49 and a 1 year high of $19.99. The stock’s fifty day moving average is $2.01 and its 200 day moving average is $6.09.

Wall Street Analyst Weigh In

TC has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Token Cat in a report on Friday, July 17th. Wall Street Zen cut shares of Token Cat from a “hold” rating to a “sell” rating in a research report on Saturday, September 5th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

About Token Cat

TuanChe Limited, through its subsidiaries, operates as an omni-channel automotive marketplace in China and internationally. It organizes auto shows and special promotion events; and provides integrated marketing solutions to industry customers, which include automakers, franchised dealerships, secondary dealers, and automotive service providers, as well as enable interactions between participants on both sides of a potential transaction. The company also offers business and technical support, and consulting services; online marketing services through various online platforms, including tuanche.com website, WeChat account, WeChat mini-program, mobile applications, and Cheshangtong, a SaaS product; and referral services for commercial bank to enhance its auto loan business.