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

Treasure Global Inc. (NASDAQ:TGL) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 225,614 shares, a decrease of 83.7% from the October 15th total of 1,380,310 shares. Based on an average trading volume of 20,807,977 shares, the short-interest ratio is presently 0.0 days. Currently, 4.5% of the shares of the company are short sold.

Treasure Global Price Performance

Treasure Global stock traded down $0.03 during mid-day trading on Thursday, reaching $0.15. 1,593,175 shares of the company were exchanged, compared to its average volume of 2,293,109. The company has a fifty day simple moving average of $1.27 and a 200-day simple moving average of $3.27. Treasure Global has a 12 month low of $0.14 and a 12 month high of $58.00. The firm has a market cap of $779,160.00, a PE ratio of -0.01 and a beta of 3.22.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Treasure Global in a research note on Monday, September 21st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Treasure Global presently has a consensus rating of “Sell”.

Treasure Global Company Profile

Treasure Global Inc. is a technology company focused on e-commerce, digital payments and customer loyalty solutions. The company operates ZCITY, a digital platform designed to connect consumers with merchants through payment services, rewards and lifestyle-related offerings. Through its platform, Treasure Global provides tools intended to support online transactions, merchant engagement and consumer savings. ZCITY has offered services such as digital payments, loyalty rewards, promotional deals and access to products and services from participating merchants.