Short Interest in TuanChe Limited (NASDAQ:TC) Increases By 1,209.4%

TuanChe Limited (NASDAQ:TC) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 83,800 shares, a growth of 1,209.4% from the March 31st total of 6,400 shares. Based on an average daily trading volume, of 92,400 shares, the days-to-cover ratio is currently 0.9 days. Currently, 6.1% of the company’s shares are sold short.

TuanChe Trading Up 1.9 %

Shares of TC stock traded up $0.03 on Friday, hitting $1.64. The stock had a trading volume of 7,324 shares, compared to its average volume of 100,629. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.71 and a quick ratio of 0.71. The company’s 50 day moving average price is $1.77 and its 200-day moving average price is $3.26. TuanChe has a 1 year low of $1.40 and a 1 year high of $15.75.

About TuanChe

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.