Treasure Global Inc. (NASDAQ:TGL) Short Interest Update

Treasure Global Inc. (NASDAQ:TGL) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 122,856 shares, an increase of 728.0% from the August 15th total of 14,838 shares. Approximately 6.7% of the company’s stock are sold short. Based on an average daily volume of 1,097,750 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Treasure Global

An institutional investor recently raised its position in Treasure Global stock. Jane Street Group LLC boosted its holdings in Treasure Global Inc. (NASDAQ:TGL) by 61.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,619 shares of the company’s stock after buying an additional 10,893 shares during the quarter. Jane Street Group LLC owned approximately 1.70% of Treasure Global worth $175,000 at the end of the most recent reporting period.

Treasure Global Trading Down 8.4%

TGL opened at $2.73 on Friday. The stock’s fifty day simple moving average is $3.02 and its 200 day simple moving average is $3.74. Treasure Global has a 1-year low of $2.04 and a 1-year high of $58.00. The stock has a market cap of $5.34 million, a PE ratio of -0.01 and a beta of 2.93.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Treasure Global in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Treasure Global has an average rating of “Sell”.

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.