TuanChe Limited (NASDAQ:TC) Sees Significant Growth in Short Interest

TuanChe Limited (NASDAQ:TCGet Free Report) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 108,300 shares, an increase of 108,200.0% from the January 15th total of 100 shares. Based on an average daily volume of 42,400 shares, the short-interest ratio is currently 2.6 days. Approximately 9.0% of the shares of the company are short sold.

TuanChe Trading Down 1.1 %

NASDAQ:TC opened at $1.85 on Tuesday. The business’s fifty day moving average is $2.90 and its 200 day moving average is $5.58. TuanChe has a 52-week low of $1.70 and a 52-week high of $15.75.

Institutional Investors Weigh In On TuanChe

Institutional investors and hedge funds have recently made changes to their positions in the business. Walleye Capital LLC purchased a new stake in TuanChe in the third quarter valued at approximately $849,000. Two Sigma Investments LP purchased a new stake in shares of TuanChe during the 4th quarter valued at $125,000. Finally, Renaissance Technologies LLC raised its position in shares of TuanChe by 10.9% during the 3rd quarter. Renaissance Technologies LLC now owns 49,698 shares of the company’s stock valued at $178,000 after buying an additional 4,900 shares in the last quarter. Hedge funds and other institutional investors own 8.88% of the company’s stock.

About TuanChe

(Get Free Report)

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.

Further Reading

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