Token Cat Limited – Sponsored ADR (NASDAQ:TC) Short Interest Update

Token Cat Limited – Sponsored ADR (NASDAQ:TC) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 27,114 shares, an increase of 384.4% from the June 15th total of 5,597 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average daily volume of 759,709 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

Token Cat Stock Performance

Shares of Token Cat stock traded down $0.19 during trading hours on Friday, hitting $2.21. The company’s stock had a trading volume of 283,972 shares, compared to its average volume of 4,335,989. Token Cat has a twelve month low of $1.49 and a twelve month high of $22.46. The firm has a fifty day moving average of $7.85 and a 200-day moving average of $9.35.

Institutional Trading of Token Cat

An institutional investor recently bought a new position in Token Cat stock. Sabby Management LLC bought a new stake in Token Cat Limited – Sponsored ADR (NASDAQ:TC) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 3,983 shares of the company’s stock, valued at approximately $55,000. Token Cat comprises about 0.1% of Sabby Management LLC’s holdings, making the stock its 24th largest position. Sabby Management LLC owned approximately 0.24% of Token Cat at the end of the most recent quarter. 8.88% of the stock is owned by institutional investors.

About Token Cat

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.