Treasure Global Inc. (NASDAQ:TGL) Stock Short Interest Falls 83.7%

Treasure Global Inc. (NASDAQ:TGL) was the recipient of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 225,614 shares, a drop of 83.7% from the October 15th total of 1,380,310 shares. Based on an average daily volume of 20,807,977 shares, the short-interest ratio is presently 0.0 days. Currently, 4.5% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Treasure Global in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Treasure Global Stock Performance

Shares of Treasure Global stock traded up $0.02 during trading hours on Friday, hitting $0.17. The company’s stock had a trading volume of 1,990,479 shares, compared to its average volume of 2,292,067. Treasure Global has a twelve month low of $0.14 and a twelve month high of $58.00. The firm has a fifty day moving average of $1.23 and a 200-day moving average of $3.24. The stock has a market cap of $897,840.00, a price-to-earnings ratio of -0.01 and a beta of 3.22.

Treasure Global Company Profile

Treasure Global Inc. is a technology company focused on e-commerce, digital payments and customer loyalty solutions. The company operates ZCITY, a digital platform designed to connect consumers with merchants through payment services, rewards and lifestyle-related offerings. Through its platform, Treasure Global provides tools intended to support online transactions, merchant engagement and consumer savings. ZCITY has offered services such as digital payments, loyalty rewards, promotional deals and access to products and services from participating merchants.