Treasure Global Inc. (NASDAQ:TGL) Sees Large Growth in Short Interest

Treasure Global Inc. (NASDAQ:TGL) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 282,900 shares, an increase of 2,011.2% from the November 15th total of 13,400 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average daily volume of 3,060,000 shares, the days-to-cover ratio is presently 0.1 days.

Treasure Global Trading Down 3.8 %

Shares of TGL traded down $0.01 during trading hours on Wednesday, reaching $0.21. 764,210 shares of the company traded hands, compared to its average volume of 1,425,240. Treasure Global has a 12 month low of $0.19 and a 12 month high of $12.59. The company’s fifty day moving average price is $0.58 and its two-hundred day moving average price is $1.49.

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.