TuanChe Limited (NASDAQ:TC) Sees Significant Increase in Short Interest

TuanChe Limited (NASDAQ:TC) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 58,000 shares, a growth of 44.6% from the November 15th total of 40,100 shares. Based on an average trading volume of 779,200 shares, the days-to-cover ratio is presently 0.1 days.

TuanChe Stock Down 2.0 %

NASDAQ:TC traded down $0.02 during mid-day trading on Friday, reaching $0.96. 55,791 shares of the company were exchanged, compared to its average volume of 187,398. TuanChe has a 12 month low of $0.75 and a 12 month high of $4.30. The company has a fifty day moving average of $1.14 and a 200 day moving average of $1.58.

TuanChe Company Profile

TuanChe Limited, through its subsidiaries, operates as an omni-channel automotive marketplace in China and internationally. It organizes auto shows and special promotion events; and provides integrated marketing solutions to industry customers, which include automakers, franchised dealerships, secondary dealers, and automotive service providers, as well as enable interactions between participants on both sides of a potential transaction.