TuanChe Limited (NASDAQ:TC) Short Interest Up 59.3% in March

TuanChe Limited (NASDAQ:TC) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 47,800 shares, a growth of 59.3% from the February 28th total of 30,000 shares. Based on an average daily volume of 698,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.5% of the company’s stock are sold short.

TuanChe Stock Performance

Shares of TC traded down $0.01 during trading hours on Monday, hitting $0.72. 8,804 shares of the company were exchanged, compared to its average volume of 409,318. The firm’s 50 day moving average is $0.87 and its 200-day moving average is $1.10. TuanChe has a 52 week low of $0.70 and a 52 week high of $4.30.

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.