Token Cat Limited – Sponsored ADR (NASDAQ:TC) Short Interest Up 247.9% in June

Token Cat Limited – Sponsored ADR (NASDAQ:TC) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 5,597 shares, a growth of 247.9% from the May 31st total of 1,609 shares. Based on an average daily volume of 2,902 shares, the short-interest ratio is presently 1.9 days. Approximately 0.3% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Token Cat in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Token Cat has a consensus rating of “Sell”.

Token Cat Stock Up 3.5%

Shares of TC stock opened at $7.76 on Friday. Token Cat has a 1 year low of $6.38 and a 1 year high of $22.46. The firm’s fifty day simple moving average is $9.18 and its 200 day simple moving average is $10.14.

Institutional Trading of Token Cat

A hedge fund recently bought a new position in Token Cat stock. Sabby Management LLC acquired a new position in shares of Token Cat Limited – Sponsored ADR (NASDAQ:TC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,983 shares of the company’s stock, valued at approximately $55,000. Token Cat accounts for about 0.1% of Sabby Management LLC’s investment portfolio, making the stock its 24th biggest holding. Sabby Management LLC owned 0.24% of Token Cat as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 8.88% of the company’s stock.

Token Cat 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. The company also offers business and technical support, and consulting services; online marketing services through various online platforms, including tuanche.com website, WeChat account, WeChat mini-program, mobile applications, and Cheshangtong, a SaaS product; and referral services for commercial bank to enhance its auto loan business.