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

TuanChe Limited (NASDAQ:TC) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 40,100 shares, a decrease of 67.3% from the October 31st total of 122,600 shares. Based on an average daily trading volume, of 781,100 shares, the days-to-cover ratio is presently 0.1 days.

TuanChe Stock Performance

Shares of TC traded up $0.08 during midday trading on Thursday, reaching $0.93. The stock had a trading volume of 210,808 shares, compared to its average volume of 259,502. TuanChe has a one year low of $0.75 and a one year high of $4.95. The firm has a 50 day simple moving average of $1.33 and a 200-day simple moving average of $1.68.

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.