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

Token Cat Limited – Sponsored ADR (NASDAQ:TC) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 20,564 shares, a decline of 81.9% from the August 15th total of 113,328 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 171,699 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

TC has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Token Cat in a report on Friday, July 17th. Wall Street Zen lowered Token Cat from a “hold” rating to a “sell” rating in a research note on Saturday, September 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Token Cat Price Performance

Shares of NASDAQ:TC traded down $0.03 during trading on Friday, reaching $1.95. 15,326 shares of the stock were exchanged, compared to its average volume of 147,042. Token Cat has a 1-year low of $1.49 and a 1-year high of $19.99. The stock has a fifty day moving average of $2.06 and a two-hundred day moving average of $6.90.

About Token Cat

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.