TuanChe Limited (NASDAQ:TC) Sees Large Increase in Short Interest

TuanChe Limited (NASDAQ:TC) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 266,100 shares, a growth of 325.1% from the May 15th total of 62,600 shares. Based on an average daily volume of 212,200 shares, the short-interest ratio is currently 1.3 days. Currently, 8.4% of the company’s shares are sold short.

TuanChe Stock Performance

TC stock opened at $0.87 on Thursday. The company’s fifty day simple moving average is $0.69 and its 200 day simple moving average is $0.84. TuanChe has a 12-month low of $0.46 and a 12-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.