TuanChe Limited (NASDAQ:TC) Short Interest Update

TuanChe Limited (NASDAQ:TC) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 22,900 shares, a decline of 72.7% from the April 15th total of 83,800 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily volume of 67,400 shares, the short-interest ratio is currently 0.3 days.

TuanChe Stock Performance

Shares of NASDAQ TC traded down $0.10 during midday trading on Friday, hitting $2.13. 106,917 shares of the company’s stock traded hands, compared to its average volume of 73,496. The firm has a fifty day moving average of $1.80 and a 200 day moving average of $2.87. TuanChe has a 1 year low of $1.40 and a 1 year high of $11.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.71 and a quick ratio of 0.71.

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.