Treasure Global Inc. (NASDAQ:TGL) Short Interest Down 71.8% in February

Treasure Global Inc. (NASDAQ:TGL) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 1,270,000 shares, a drop of 71.8% from the February 13th total of 4,500,000 shares. Based on an average daily volume of 13,460,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.6% of the shares of the stock are sold short.

Institutional Trading of Treasure Global

An institutional investor recently bought a new position in Treasure Global stock. Renaissance Technologies LLC purchased a new position in Treasure Global Inc. (NASDAQ:TGL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 565,800 shares of the company’s stock, valued at approximately $100,000. Renaissance Technologies LLC owned about 1.21% of Treasure Global as of its most recent SEC filing.

Treasure Global Trading Up 5.3 %

Shares of TGL stock traded up $0.01 on Friday, reaching $0.12. The company’s stock had a trading volume of 593,537 shares, compared to its average volume of 4,811,616. The stock’s fifty day simple moving average is $0.18 and its 200-day simple moving average is $0.44. Treasure Global has a 1 year low of $0.10 and a 1 year high of $8.69.

Treasure Global (NASDAQ:TGL) last issued its quarterly earnings results on Friday, February 14th. The company reported ($0.01) earnings per share (EPS) 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.