Triller Group Inc. (NASDAQ:ILLR) Short Interest Up 72.9% in May

Triller Group Inc. (NASDAQ:ILLR) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,847,711 shares, a growth of 72.9% from the May 14th total of 1,068,776 shares. Based on an average daily volume of 7,991,165 shares, the short-interest ratio is currently 0.2 days. Approximately 1.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Triller Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in shares of Triller Group by 15.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 139,821 shares of the company’s stock worth $116,000 after acquiring an additional 18,811 shares during the period. Virtu Financial LLC lifted its holdings in shares of Triller Group by 267.9% during the 3rd quarter. Virtu Financial LLC now owns 45,741 shares of the company’s stock worth $38,000 after acquiring an additional 33,308 shares during the period. Bank of America Corp DE lifted its holdings in shares of Triller Group by 645.3% during the 2nd quarter. Bank of America Corp DE now owns 56,587 shares of the company’s stock worth $53,000 after acquiring an additional 48,994 shares during the period. Invesco Ltd. bought a new position in shares of Triller Group during the 2nd quarter worth about $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Triller Group during the 2nd quarter worth about $52,000. 0.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Triller Group in a research report on Thursday, June 11th. They set a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Triller Group Stock Performance

Shares of Triller Group stock traded down $0.01 on Wednesday, reaching $0.15. The stock had a trading volume of 764,423 shares, compared to its average volume of 1,524,688. Triller Group has a fifty-two week low of $0.00 and a fifty-two week high of $1.73. The business’s 50-day moving average price is $0.23 and its two-hundred day moving average price is $0.25. The stock has a market cap of $30.21 million, a P/E ratio of -0.22 and a beta of -1.65.

Triller Group (NASDAQ:ILLR) last released its earnings results on Wednesday, May 13th. The company reported ($0.16) EPS for the quarter. The company had revenue of $5.03 million for the quarter.

Triller Group Company Profile

Triller Group (NASDAQ: ILLR) is a publicly traded entertainment and technology company known primarily for its ownership and operation of the Triller social video platform. Launched as a competitor to other short-form video services, Triller offers users tools for video creation, music integration and social sharing. The platform caters to a broad audience of content creators, influencers and music artists, enabling them to produce, edit and distribute short videos directly from mobile devices.

Beyond the core app, Triller Group has diversified into live events, digital media and sports content.