Treasure Global Inc. (NASDAQ:TGL) Short Interest Update

Treasure Global Inc. (NASDAQ:TGL) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 12,151 shares, a decline of 77.3% from the June 15th total of 53,469 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 37,851 shares, the short-interest ratio is currently 0.3 days.

Treasure Global Stock Performance

TGL traded up $0.02 during midday trading on Monday, hitting $3.81. The stock had a trading volume of 14,014 shares, compared to its average volume of 50,010. The company has a market cap of $7.43 million, a P/E ratio of -0.01 and a beta of 2.90. The business has a fifty day moving average of $4.14 and a 200 day moving average of $4.62. Treasure Global has a 1 year low of $3.40 and a 1 year high of $58.00.

Treasure Global (NASDAQ:TGL) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($2.70) earnings per share for the quarter, topping the consensus estimate of ($11,200.00) by $11,197.30. Treasure Global had a negative net margin of 791.30% and a negative return on equity of 94.34%. The business had revenue of $1.50 million during the quarter, compared to the consensus estimate of $14.26 million.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Treasure Global stock. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Treasure Global Inc. (NASDAQ:TGL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,303 shares of the company’s stock, valued at approximately $118,000. Schonfeld Strategic Advisors LLC owned 1.15% of Treasure Global at the end of the most recent quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Treasure Global in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Treasure Global

Treasure Global Inc offers e-commerce activities through its platform. Its platform provides consumers and merchants instant rebates and affiliate cashback programs, while providing a seamless e-payment solution with rebates in both e-commerce and physical retailers/merchant settings. The company offers ZCITY App, a payment gateway platform. Treasure Global Inc was incorporated in 2020 and is based in New York, New York.