Treasure Global Inc. (NASDAQ:TGL) Short Interest Down 71.8% in February

Treasure Global Inc. (NASDAQ:TGL) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 1,270,000 shares, a drop of 71.8% from the February 13th total of 4,500,000 shares. Approximately 3.6% of the shares of the company are short sold. Based on an average daily volume of 13,460,000 shares, the short-interest ratio is currently 0.1 days.

Treasure Global Trading Up 5.3 %

Treasure Global stock traded up $0.01 during mid-day trading on Friday, hitting $0.12. 593,537 shares of the company traded hands, compared to its average volume of 4,811,616. Treasure Global has a one year low of $0.10 and a one year high of $8.69. The stock has a fifty day moving average price of $0.18 and a 200-day moving average price of $0.44.

Treasure Global (NASDAQ:TGL) last posted its quarterly earnings results on Friday, February 14th. The company reported ($0.01) EPS for the quarter. Treasure Global had a negative net margin of 185.07% and a negative return on equity of 57.02%. The firm had revenue of $300 billion for the quarter.

Institutional Trading of Treasure Global

A hedge fund recently bought a new stake in Treasure Global stock. Renaissance Technologies LLC acquired a new position in Treasure Global Inc. (NASDAQ:TGL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 565,800 shares of the company’s stock, valued at approximately $100,000. Renaissance Technologies LLC owned 1.21% of Treasure Global as of its most recent SEC filing.

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.