Treasure Global Inc. (NASDAQ:TGL) Sees Significant Decrease in Short Interest

Treasure Global Inc. (NASDAQ:TGL) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 65,000 shares, a decrease of 91.1% from the March 15th total of 732,300 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 310,900 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Treasure Global

A hedge fund recently bought a new stake in Treasure Global stock. Renaissance Technologies LLC purchased a new stake in Treasure Global Inc. (NASDAQ:TGL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 565,800 shares of the company’s stock, valued at approximately $100,000. Renaissance Technologies LLC owned approximately 1.21% of Treasure Global as of its most recent filing with the Securities and Exchange Commission (SEC).

Treasure Global Stock Down 0.5 %

NASDAQ:TGL opened at $2.10 on Tuesday. The stock’s fifty day moving average price is $5.88 and its two-hundred day moving average price is $16.40. Treasure Global has a 52-week low of $1.71 and a 52-week high of $300.00.

Treasure Global (NASDAQ:TGL) last announced its quarterly earnings data on Friday, February 14th. The company reported ($0.50) earnings per share for the quarter. Treasure Global had a negative net margin of 185.07% and a negative return on equity of 57.02%. The business had revenue of $300 billion during the quarter.

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.