Treasure Global Inc. (NASDAQ:TGL – Get Free Report) 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 – Free Report) 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.
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.
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