Short Interest in Treasure Global Inc. (NASDAQ:TGL) Drops By 31.5%

Treasure Global Inc. (NASDAQ:TGL) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 27,200 shares, a drop of 31.5% from the April 30th total of 39,700 shares. Based on an average daily volume of 2,530,000 shares, the short-interest ratio is presently 0.0 days. Currently, 1.3% of the shares of the company are sold short.

Treasure Global Price Performance

NASDAQ:TGL traded up $0.09 during mid-day trading on Friday, reaching $1.49. The stock had a trading volume of 201,861 shares, compared to its average volume of 758,879. Treasure Global has a twelve month low of $1.26 and a twelve month high of $215.00. The business has a 50 day simple moving average of $2.32 and a 200 day simple moving average of $7.60.

Treasure Global (NASDAQ:TGL) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.45) EPS for the quarter. The firm had revenue of $0.67 million during the quarter. Treasure Global had a negative net margin of 185.07% and a negative return on equity of 57.02%.

Institutional Investors Weigh In On Treasure Global

An institutional investor recently bought a new position in Treasure Global stock. Renaissance Technologies LLC purchased a new stake in shares of Treasure Global Inc. (NASDAQ:TGL) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 565,800 shares of the company’s stock, valued at approximately $100,000. Renaissance Technologies LLC owned 1.21% of Treasure Global at the end of the most recent quarter.

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.