Triller Group Inc. (NASDAQ:ILLR) Short Interest Update

Triller Group Inc. (NASDAQ:ILLR) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 110,623 shares, a drop of 41.7% from the July 30th total of 189,687 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 225,819 shares, the days-to-cover ratio is presently 0.5 days.

Triller Group Price Performance

Shares of NASDAQ:ILLR opened at $0.98 on Wednesday. The stock has a market cap of $20.08 million, a price-to-earnings ratio of -0.17 and a beta of -1.59. The company has a 50 day moving average of $1.56 and a 200-day moving average of $1.95. Triller Group has a one year low of $0.01 and a one year high of $17.30.

Triller Group (NASDAQ:ILLR) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($1.42) earnings per share (EPS) for the quarter. The business had revenue of $5.23 million for the quarter.

Analyst Ratings Changes

ILLR has been the topic of a number of research reports. Wall Street Zen upgraded shares of Triller Group to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings started coverage on Triller Group in a research note on Thursday, June 11th. They issued a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Triller Group presently has a consensus rating of “Sell”.

Institutional Trading of Triller Group

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Triller Group by 329.7% during the third quarter. Vanguard Group Inc. now owns 2,730,920 shares of the company’s stock valued at $2,267,000 after purchasing an additional 2,095,390 shares during the period. Geode Capital Management LLC boosted its position in shares of Triller Group by 1,421.5% during the second quarter. Geode Capital Management LLC now owns 1,364,056 shares of the company’s stock worth $1,269,000 after purchasing an additional 1,274,403 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Triller Group during the first quarter worth $872,000. Goldman Sachs Group Inc. grew its holdings in shares of Triller Group by 358.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 527,859 shares of the company’s stock valued at $412,000 after buying an additional 412,758 shares during the period. Finally, New York State Common Retirement Fund bought a new stake in shares of Triller Group in the 2nd quarter valued at $140,000. 0.04% of the stock is currently owned by institutional investors and hedge funds.

Triller Group Company Profile

Triller Group (NASDAQ: ILLR) is a publicly traded entertainment and technology company known primarily for its ownership and operation of the Triller social video platform. Launched as a competitor to other short-form video services, Triller offers users tools for video creation, music integration and social sharing. The platform caters to a broad audience of content creators, influencers and music artists, enabling them to produce, edit and distribute short videos directly from mobile devices.

Beyond the core app, Triller Group has diversified into live events, digital media and sports content.