Token Cat Limited – Sponsored ADR (NASDAQ:TC) Short Interest Update

Token Cat Limited – Sponsored ADR (NASDAQ:TC) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 113,328 shares, a drop of 65.1% from the July 30th total of 324,653 shares. Currently, 6.6% of the company’s shares are short sold. Based on an average daily volume of 417,142 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

TC has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Token Cat in a research report on Friday, July 17th. Wall Street Zen upgraded Token Cat to a “hold” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Token Cat has a consensus rating of “Sell”.

Token Cat Price Performance

Shares of NASDAQ TC traded up $0.16 during midday trading on Friday, hitting $2.09. 303,903 shares of the company traded hands, compared to its average volume of 777,542. Token Cat has a 12-month low of $1.49 and a 12-month high of $22.46. The stock has a 50-day moving average price of $3.04 and a 200 day moving average price of $7.64.

Token Cat 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. The company also offers business and technical support, and consulting services; online marketing services through various online platforms, including tuanche.com website, WeChat account, WeChat mini-program, mobile applications, and Cheshangtong, a SaaS product; and referral services for commercial bank to enhance its auto loan business.