Triller Group Inc. (NASDAQ:ILLR) Short Interest Down 47.9% in May

Triller Group Inc. (NASDAQ:ILLR) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,068,776 shares, a drop of 47.9% from the April 30th total of 2,049,510 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 507,230 shares, the short-interest ratio is currently 2.1 days.

Triller Group Price Performance

Shares of NASDAQ:ILLR traded up $0.00 during mid-day trading on Monday, reaching $0.24. 176,024 shares of the company were exchanged, compared to its average volume of 1,356,412. The firm has a market cap of $47.52 million, a price-to-earnings ratio of -0.35 and a beta of -1.65. The firm’s 50-day simple moving average is $0.22 and its 200 day simple moving average is $0.27. Triller Group has a 1 year low of $0.00 and a 1 year high of $1.73.

Triller Group (NASDAQ:ILLR) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.16) earnings per share for the quarter. The company had revenue of $5.03 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in shares of Triller Group during the first quarter worth about $872,000. Goldman Sachs Group Inc. grew its position in Triller Group by 358.6% during the first quarter. Goldman Sachs Group Inc. now owns 527,859 shares of the company’s stock worth $412,000 after buying an additional 412,758 shares during the period. Geode Capital Management LLC grew its position in Triller Group by 1,421.5% during the second quarter. Geode Capital Management LLC now owns 1,364,056 shares of the company’s stock worth $1,269,000 after buying an additional 1,274,403 shares during the period. JPMorgan Chase & Co. grew its position in Triller Group by 1,551.6% during the second quarter. JPMorgan Chase & Co. now owns 121,010 shares of the company’s stock worth $113,000 after buying an additional 113,683 shares during the period. Finally, New York State Common Retirement Fund acquired a new position in Triller Group during the second quarter worth about $140,000. Hedge funds and other institutional investors own 0.04% of the company’s stock.

About Triller Group

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.