Triller Group Inc. (NASDAQ:ILLR) Short Interest Down 47.9% in May

Triller Group Inc. (NASDAQ:ILLR) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,068,776 shares, a decrease of 47.9% from the April 30th total of 2,049,510 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 507,230 shares, the days-to-cover ratio is currently 2.1 days.

Triller Group Stock Up 1.6%

Shares of ILLR traded up $0.00 on Monday, hitting $0.24. 176,024 shares of the stock traded hands, compared to its average volume of 1,356,412. Triller Group has a 1 year low of $0.00 and a 1 year high of $1.73. The stock’s 50 day moving average is $0.22 and its two-hundred day moving average is $0.27. The firm has a market capitalization of $47.52 million, a P/E ratio of -0.35 and a beta of -1.65.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Triller Group by 329.7% during the third quarter. Vanguard Group Inc. now owns 2,730,920 shares of the company’s stock worth $2,267,000 after purchasing an additional 2,095,390 shares during the period. New York State Common Retirement Fund purchased a new position in Triller Group during the second quarter worth approximately $140,000. Geode Capital Management LLC raised its stake in 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 during the period. Goldman Sachs Group Inc. raised its stake in Triller Group by 358.6% during the first 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. Finally, Jones Financial Companies Lllp purchased a new position in Triller Group during the first quarter worth approximately $872,000. 0.04% of the stock is currently owned by institutional investors and hedge funds.

About Triller Group

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.