Token Cat Limited – Sponsored ADR (NASDAQ:TC) Short Interest Update

Token Cat Limited – Sponsored ADR (NASDAQ:TC) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 113,328 shares, a drop of 65.1% from the July 30th total of 324,653 shares. Based on an average daily volume of 417,142 shares, the days-to-cover ratio is currently 0.3 days. Currently, 6.6% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TC shares. Wall Street Zen upgraded Token Cat to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Token Cat in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Token Cat Stock Up 8.3%

NASDAQ TC opened at $2.09 on Friday. Token Cat has a 1 year low of $1.49 and a 1 year high of $22.46. The business’s fifty day moving average is $2.90 and its two-hundred day moving average is $7.60.

Token Cat Company Profile

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. The company also offers business and technical support, and consulting services; online marketing services through various online platforms, including tuanche.com website, WeChat account, WeChat mini-program, mobile applications, and Cheshangtong, a SaaS product; and referral services for commercial bank to enhance its auto loan business.