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

Triller Group Inc. (NASDAQ:ILLR) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 110,623 shares, a drop of 41.7% from the July 30th total of 189,687 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 225,819 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Several research analysts have commented on ILLR shares. Weiss Ratings initiated coverage on Triller Group in a research note on Thursday, June 11th. They set a “sell (e+)” rating for the company. Wall Street Zen upgraded shares of Triller Group to a “hold” rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Triller Group presently has an average rating of “Sell”.

Institutional Trading of Triller Group

Institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in shares of Triller Group during the 1st quarter worth approximately $872,000. Goldman Sachs Group Inc. raised its stake in shares of Triller Group by 358.6% in the first quarter. Goldman Sachs Group Inc. now owns 527,859 shares of the company’s stock worth $412,000 after purchasing an additional 412,758 shares during the last quarter. Geode Capital Management LLC lifted its stake in Triller Group by 1,421.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,364,056 shares of the company’s stock valued at $1,269,000 after acquiring an additional 1,274,403 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Triller Group by 1,551.6% during the second quarter. JPMorgan Chase & Co. now owns 121,010 shares of the company’s stock worth $113,000 after purchasing an additional 113,683 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new position in shares of Triller Group in the second quarter valued at approximately $140,000. Institutional investors own 0.04% of the company’s stock.

Triller Group Stock Performance

Shares of ILLR traded up $0.02 during trading hours on Tuesday, reaching $0.98. The stock had a trading volume of 103,402 shares, compared to its average volume of 2,314,720. Triller Group has a 12 month low of $0.01 and a 12 month high of $17.30. The stock has a market capitalization of $20.08 million, a PE ratio of -0.17 and a beta of -1.57. The company’s 50-day moving average is $1.55 and its two-hundred day moving average is $1.96.

Triller Group (NASDAQ:ILLR) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($1.42) earnings per share for the quarter. The company had revenue of $5.23 million during the quarter.

Triller Group Company Profile

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.