TuanChe Limited (NASDAQ:TC) Sees Large Increase in Short Interest

TuanChe Limited (NASDAQ:TC) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 146,000 shares, a growth of 271.5% from the January 15th total of 39,300 shares. Based on an average daily volume of 706,900 shares, the days-to-cover ratio is currently 0.2 days.

TuanChe Price Performance

Shares of TC stock traded down $0.01 during mid-day trading on Thursday, hitting $0.81. The company had a trading volume of 19,812 shares, compared to its average volume of 1,346,669. TuanChe has a 52-week low of $0.75 and a 52-week high of $4.30. The stock’s 50 day moving average price is $1.00 and its 200-day moving average price is $1.31.

TuanChe Company Profile

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.