Treasure Global Inc. (NASDAQ:TGL) Sees Significant Drop in Short Interest

Treasure Global Inc. (NASDAQ:TGL) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 18,614 shares, a drop of 66.2% from the April 15th total of 55,045 shares. Based on an average daily trading volume, of 28,579 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Treasure Global in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Treasure Global Stock Performance

Shares of TGL opened at $3.95 on Friday. The firm has a market cap of $6.62 million, a price-to-earnings ratio of -0.01 and a beta of 2.90. Treasure Global has a 52-week low of $3.40 and a 52-week high of $58.00. The business’s fifty day moving average is $4.05 and its 200-day moving average is $7.21.

Treasure Global (NASDAQ:TGL) last announced its quarterly earnings results on Monday, February 23rd. The company reported ($3.47) earnings per share (EPS) for the quarter. Treasure Global had a negative return on equity of 53.23% and a negative net margin of 889.11%.The firm had revenue of $1.08 million during the quarter.

Institutional Investors Weigh In On Treasure Global

An institutional investor recently raised its position in Treasure Global stock. Jane Street Group LLC boosted its holdings in shares of Treasure Global Inc. (NASDAQ:TGL) by 61.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,619 shares of the company’s stock after buying an additional 10,893 shares during the period. Jane Street Group LLC owned approximately 1.70% of Treasure Global worth $175,000 as of its most recent SEC filing.

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. Treasure Global Inc was incorporated in 2020 and is based in New York, New York.