Treasure Global Inc. (NASDAQ:TGL) Sees Large Growth in Short Interest

Treasure Global Inc. (NASDAQ:TGL) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 308,998 shares, a growth of 201.2% from the September 15th total of 102,590 shares. Approximately 17.0% of the company’s shares are short sold. Based on an average daily volume of 925,417 shares, the short-interest ratio is currently 0.3 days.

Treasure Global Price Performance

Shares of TGL traded down $0.63 during mid-day trading on Tuesday, reaching $0.21. The company’s stock had a trading volume of 3,411,243 shares, compared to its average volume of 228,577. Treasure Global has a 12-month low of $0.34 and a 12-month high of $58.00. The stock has a market cap of $414,460.00, a PE ratio of -0.00 and a beta of 3.01. The company’s 50 day moving average is $2.35 and its 200 day moving average is $3.40.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Treasure Global in a report on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Treasure Global Company Profile

Treasure Global Inc is a Malaysia-based technology company that develops digital commerce, fintech and mobile payment solutions. The company’s business is designed to connect consumers and merchants through an integrated digital ecosystem that combines payments, promotions, rewards and access to products and services.

Its principal platform, ZCITY, is a mobile application that supports digital payments and provides users with promotional offers, loyalty rewards and other consumer-oriented services.