Short Interest in Treasure Global Inc. (NASDAQ:TGL) Grows By 1,272.8%

Treasure Global Inc. (NASDAQ:TGL) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 4,500,000 shares, an increase of 1,272.8% from the January 31st total of 327,800 shares. Based on an average daily volume of 13,680,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 45.9% of the company’s shares are short sold.

Institutional Investors Weigh In On Treasure Global

An institutional investor recently bought a new position in Treasure Global stock. Renaissance Technologies LLC acquired a new stake in shares of Treasure Global Inc. (NASDAQ:TGL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 565,800 shares of the company’s stock, valued at approximately $100,000. Renaissance Technologies LLC owned about 1.21% of Treasure Global at the end of the most recent reporting period.

Treasure Global Stock Down 3.4 %

Shares of TGL stock opened at $0.16 on Friday. Treasure Global has a fifty-two week low of $0.15 and a fifty-two week high of $8.69. The firm’s 50 day moving average price is $0.20 and its two-hundred day moving average price is $0.49.

Treasure Global (NASDAQ:TGL) last issued its earnings results on Friday, February 14th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $300 billion during the quarter. Treasure Global had a negative return on equity of 57.02% and a negative net margin of 185.07%.

About Treasure Global

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.