Short Interest in TuanChe Limited (NASDAQ:TC) Increases By 44.6%

TuanChe Limited (NASDAQ:TC) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 58,000 shares, an increase of 44.6% from the November 15th total of 40,100 shares. Based on an average daily volume of 779,200 shares, the days-to-cover ratio is presently 0.1 days.

TuanChe Stock Down 2.0 %

Shares of TC stock traded down $0.02 during mid-day trading on Friday, hitting $0.96. 55,791 shares of the stock traded hands, compared to its average volume of 253,996. The company’s 50-day simple moving average is $1.14 and its 200-day simple moving average is $1.58. TuanChe has a twelve month low of $0.75 and a twelve month high of $4.30.

About TuanChe

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.