TD Holdings, Inc. (NASDAQ:GLG) Sees Significant Growth in Short Interest

TD Holdings, Inc. (NASDAQ:GLG) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 367,800 shares, a growth of 545.3% from the August 15th total of 57,000 shares. Based on an average daily volume of 4,050,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On TD

Several large investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC acquired a new position in shares of TD during the first quarter valued at $28,000. Virtu Financial LLC increased its holdings in shares of TD by 79.6% during the second quarter. Virtu Financial LLC now owns 121,487 shares of the company’s stock valued at $31,000 after purchasing an additional 53,860 shares during the period. Millennium Management LLC increased its holdings in shares of TD by 22.2% during the second quarter. Millennium Management LLC now owns 350,065 shares of the company’s stock valued at $88,000 after purchasing an additional 63,585 shares during the period. Citigroup Inc. acquired a new position in shares of TD during the first quarter valued at $146,000. Finally, Renaissance Technologies LLC boosted its stake in TD by 1,346.8% during the first quarter. Renaissance Technologies LLC now owns 920,700 shares of the company’s stock valued at $251,000 after buying an additional 857,065 shares in the last quarter. 0.21% of the stock is owned by institutional investors and hedge funds.

TD Price Performance

Shares of GLG opened at $0.18 on Friday. The business’s fifty day moving average price is $0.46 and its 200 day moving average price is $0.69. TD has a 12-month low of $0.16 and a 12-month high of $1.32. The stock has a market capitalization of $33.18 million, a PE ratio of 1.47 and a beta of 0.22.

TD (NASDAQ:GLG) last issued its earnings results on Friday, August 11th. The company reported ($0.03) earnings per share for the quarter. TD had a negative return on equity of 0.78% and a negative net margin of 1.59%. The company had revenue of $34.51 million during the quarter.

TD Company Profile

TD Holdings, Inc engages in commodities trading and supply chain service businesses in the People's Republic of China. The company's commodity trading business engages in purchasing non-ferrous metal products, such as aluminum ingots, copper, silver, and gold from upstream metal and mineral suppliers and then selling to downstream customers.