Short Interest in Treasure Global Inc. (NASDAQ:TGL) Decreases By 24.9%

Treasure Global Inc. (NASDAQ:TGL) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 22,300 shares, a drop of 24.9% from the June 30th total of 29,700 shares. Approximately 2.9% of the company’s shares are short sold. Based on an average daily trading volume, of 88,100 shares, the short-interest ratio is presently 0.3 days.

Treasure Global Stock Up 3.4 %

TGL stock traded up $0.06 during trading on Friday, hitting $1.85. The company had a trading volume of 123,639 shares, compared to its average volume of 95,198. The firm has a market capitalization of $20.47 million, a P/E ratio of -0.41 and a beta of 2.82. Treasure Global has a 52-week low of $1.43 and a 52-week high of $65.50. The company has a 50 day simple moving average of $3.04 and a 200-day simple moving average of $4.43.

Treasure Global (NASDAQ:TGL) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($2.32) EPS for the quarter. The company had revenue of $1.60 million during the quarter. Treasure Global had a negative return on equity of 573.71% and a negative net margin of 22.04%. During the same quarter in the previous year, the company earned ($1.19) earnings per share.

About Treasure Global

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.