Triller Group Inc. (NASDAQ:ILLR) Short Interest Update

Triller Group Inc. (NASDAQ:ILLR) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 1,847,711 shares, a growth of 72.9% from the May 14th total of 1,068,776 shares. Based on an average daily volume of 7,991,165 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of Triller Group by 15.5% in the third quarter. JPMorgan Chase & Co. now owns 139,821 shares of the company’s stock worth $116,000 after acquiring an additional 18,811 shares in the last quarter. Virtu Financial LLC increased its position in shares of Triller Group by 267.9% in the third quarter. Virtu Financial LLC now owns 45,741 shares of the company’s stock worth $38,000 after acquiring an additional 33,308 shares in the last quarter. Bank of America Corp DE increased its position in shares of Triller Group by 645.3% in the second quarter. Bank of America Corp DE now owns 56,587 shares of the company’s stock worth $53,000 after acquiring an additional 48,994 shares in the last quarter. Invesco Ltd. purchased a new position in shares of Triller Group in the second quarter worth approximately $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Triller Group in the second quarter worth approximately $52,000. 0.04% of the stock is owned by hedge funds and other institutional investors.

Triller Group Stock Down 9.1%

Shares of NASDAQ ILLR traded down $0.02 during midday trading on Tuesday, reaching $0.17. The company’s stock had a trading volume of 1,210,922 shares, compared to its average volume of 5,427,303. The company has a 50 day moving average price of $0.23 and a 200 day moving average price of $0.25. Triller Group has a one year low of $0.00 and a one year high of $1.73.

Triller Group (NASDAQ:ILLR) last released its earnings results on Wednesday, May 13th. The company reported ($0.16) earnings per share for the quarter. The firm had revenue of $5.03 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on shares of Triller Group in a report on Thursday, June 11th. They issued a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Triller Group presently has an average rating of “Sell”.

About Triller Group

Triller Group (NASDAQ: ILLR) is a publicly traded entertainment and technology company known primarily for its ownership and operation of the Triller social video platform. Launched as a competitor to other short-form video services, Triller offers users tools for video creation, music integration and social sharing. The platform caters to a broad audience of content creators, influencers and music artists, enabling them to produce, edit and distribute short videos directly from mobile devices.

Beyond the core app, Triller Group has diversified into live events, digital media and sports content.