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

Token Cat Limited – Sponsored ADR (NASDAQ:TC) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 20,564 shares, a drop of 81.9% from the August 15th total of 113,328 shares. Based on an average trading volume of 171,699 shares, the short-interest ratio is currently 0.1 days. Currently, 1.2% of the shares of the company are sold short.

Analysts Set New Price Targets

Several research firms have recently commented on TC. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Token Cat in a report on Friday, July 17th. Wall Street Zen downgraded Token Cat from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Token Cat Stock Down 1.5%

Shares of Token Cat stock traded down $0.03 during trading on Friday, hitting $1.95. 4,350 shares of the stock were exchanged, compared to its average volume of 738,574. Token Cat has a 12 month low of $1.49 and a 12 month high of $19.99. The stock’s fifty day moving average is $2.08 and its 200 day moving average is $6.94.

About Token Cat

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.