Bat Group (NASDAQ:GLG) Trading Up 6.8%

Shares of Bat Group Inc (NASDAQ:GLG) were up 6.8% during trading on Thursday . The stock traded as high as $1.95 and last traded at $1.89, approximately 417,600 shares traded hands during mid-day trading. An increase of 8% from the average daily volume of 387,161 shares. The stock had previously closed at $1.77.

The company’s 50-day simple moving average is $0.93 and its 200 day simple moving average is $0.57.

A hedge fund recently raised its stake in Bat Group stock. Citadel Advisors LLC raised its holdings in Bat Group Inc (NASDAQ:GLG) by 507.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,851 shares of the company’s stock after buying an additional 64,208 shares during the period. Citadel Advisors LLC owned approximately 1.07% of Bat Group worth $42,000 as of its most recent SEC filing. 0.24% of the stock is currently owned by hedge funds and other institutional investors.

About Bat Group (NASDAQ:GLG)

Bat Group, Inc engages in leasing used cars to individual and corporate customers under the Batcar brand name in Beijing, Tianjin, and Hebei. It also rents cars to other auto rental companies at a discounted rate, as well as provides car pooling services. The company was formerly known as China Bat Group, Inc and changed its name to Bat Group, Inc in June 2019.

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