TuanChe Limited (NASDAQ:TC) Sees Large Increase in Short Interest

TuanChe Limited (NASDAQ:TC) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 146,000 shares, a growth of 271.5% from the January 15th total of 39,300 shares. Based on an average trading volume of 706,900 shares, the short-interest ratio is currently 0.2 days.

TuanChe Trading Down 7.4 %

TC traded down $0.07 on Wednesday, reaching $0.83. 132,097 shares of the company traded hands, compared to its average volume of 1,393,986. TuanChe has a one year low of $0.75 and a one year high of $4.30. The firm has a fifty day simple moving average of $1.00 and a two-hundred day simple moving average of $1.32.

TuanChe Company Profile

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.