Token Cat Limited – Sponsored ADR (NASDAQ:TC – Get Free Report) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 324,653 shares, a drop of 35.3% from the July 15th total of 501,558 shares. Currently, 18.9% of the shares of the company are short sold. Based on an average daily volume of 1,462,789 shares, the short-interest ratio is presently 0.2 days.
Token Cat Price Performance
TC stock traded down $0.11 during trading on Wednesday, hitting $2.01. 186,005 shares of the company’s stock were exchanged, compared to its average volume of 808,218. Token Cat has a 52-week low of $1.49 and a 52-week high of $22.46. The business has a 50-day moving average price of $4.02 and a two-hundred day moving average price of $8.10.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on TC shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Token Cat in a research note on Friday, July 17th. Wall Street Zen upgraded shares of Token Cat to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.
About Token Cat
TuanChe Limited, through its subsidiaries, operates as an omni-channel automotive marketplace in China and internationally. It organizes auto shows and special promotion events; and provides integrated marketing solutions to industry customers, which include automakers, franchised dealerships, secondary dealers, and automotive service providers, as well as enable interactions between participants on both sides of a potential transaction. The company also offers business and technical support, and consulting services; online marketing services through various online platforms, including tuanche.com website, WeChat account, WeChat mini-program, mobile applications, and Cheshangtong, a SaaS product; and referral services for commercial bank to enhance its auto loan business.
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