Triller Group Inc. (NASDAQ:ILLR) Sees Significant Increase in Short Interest

Triller Group Inc. (NASDAQ:ILLR) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,847,711 shares, a growth of 72.9% from the May 14th total of 1,068,776 shares. Based on an average daily volume of 7,991,165 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on shares of Triller Group in a research report on Thursday. They set a “sell (e+)” rating on the stock. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Triller Group Stock Down 19.0%

Shares of NASDAQ ILLR traded down $0.04 during trading on Monday, reaching $0.18. 1,220,645 shares of the company traded hands, compared to its average volume of 1,534,111. The firm has a 50 day simple moving average of $0.23 and a 200-day simple moving average of $0.25. The stock has a market capitalization of $36.16 million, a PE ratio of -0.26 and a beta of -1.65. Triller Group has a 52-week low of $0.00 and a 52-week high of $1.73.

Triller Group (NASDAQ:ILLR) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $5.03 million for the quarter.

Institutional Trading of Triller Group

A number of institutional investors have recently made changes to their positions in ILLR. Jones Financial Companies Lllp purchased a new stake in shares of Triller Group during the 1st quarter valued at about $872,000. Goldman Sachs Group Inc. lifted its stake 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 worth $412,000 after purchasing an additional 412,758 shares during the period. Geode Capital Management LLC lifted its stake in shares of Triller Group by 1,421.5% in the 2nd 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 during the period. JPMorgan Chase & Co. lifted its stake in shares of Triller Group by 1,551.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 121,010 shares of the company’s stock worth $113,000 after purchasing an additional 113,683 shares during the period. Finally, New York State Common Retirement Fund bought a new position in shares of Triller Group in the 2nd quarter worth approximately $140,000. Hedge funds and other institutional investors own 0.04% of the company’s stock.

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.