Short Interest in Treasure Global Inc. (NASDAQ:TGL) Rises By 352.6%

Treasure Global Inc. (NASDAQ:TGL) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 53,469 shares, an increase of 352.6% from the May 31st total of 11,814 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average daily volume of 164,947 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Treasure Global in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Treasure Global Price Performance

NASDAQ TGL opened at $3.89 on Friday. The firm has a market cap of $7.59 million, a P/E ratio of -0.01 and a beta of 2.90. The stock’s 50-day moving average is $4.24 and its 200-day moving average is $5.06. Treasure Global has a one year low of $3.40 and a one year high of $58.00.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Treasure Global stock. Jane Street Group LLC increased its stake in shares of Treasure Global Inc. (NASDAQ:TGL) by 61.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,619 shares of the company’s stock after acquiring an additional 10,893 shares during the period. Jane Street Group LLC owned about 1.70% of Treasure Global worth $175,000 as of its most recent SEC filing.

Treasure Global Company Profile

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.