Treasure Global Inc. (NASDAQ:TGL) Sees Significant Decline in Short Interest

Treasure Global Inc. (NASDAQ:TGL) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 732,300 shares, a decline of 42.3% from the February 28th total of 1,270,000 shares. Based on an average trading volume of 14,970,000 shares, the short-interest ratio is currently 0.0 days. Currently, 2.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Treasure Global

A hedge fund recently bought a new stake in Treasure Global stock. Renaissance Technologies LLC acquired a new position in Treasure Global Inc. (NASDAQ:TGL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 565,800 shares of the company’s stock, valued at approximately $100,000. Renaissance Technologies LLC owned 1.21% of Treasure Global at the end of the most recent quarter.

Treasure Global Price Performance

Treasure Global stock opened at $0.08 on Monday. The firm has a 50 day moving average price of $0.16 and a 200-day moving average price of $0.39. Treasure Global has a twelve month low of $0.08 and a twelve month high of $6.04.

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

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.