Treasure Global Inc. (NASDAQ:TGL) Short Interest Down 96.6% in October

Treasure Global Inc. (NASDAQ:TGL) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 8,600 shares, a drop of 96.6% from the September 30th total of 253,600 shares. Based on an average trading volume of 3,810,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.5% of the company’s stock are short sold.

Treasure Global Stock Performance

Shares of TGL remained flat at $0.70 during mid-day trading on Friday. 41,549 shares of the stock traded hands, compared to its average volume of 1,449,611. The stock has a 50 day moving average of $0.87 and a 200-day moving average of $2.39. The stock has a market capitalization of $7.75 million, a price-to-earnings ratio of -0.16 and a beta of 2.85. Treasure Global has a 12 month low of $0.54 and a 12 month high of $37.80.

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.