Short Interest in TuanChe Limited (NASDAQ:TC) Grows By 24.9%

TuanChe Limited (NASDAQ:TC) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 44,100 shares, an increase of 24.9% from the August 15th total of 35,300 shares. Based on an average trading volume of 47,600 shares, the days-to-cover ratio is presently 0.9 days.

TuanChe Price Performance

TuanChe stock traded up $0.01 during midday trading on Friday, hitting $0.48. The company’s stock had a trading volume of 5,772 shares, compared to its average volume of 54,973. The stock’s 50-day moving average price is $0.55 and its 200-day moving average price is $0.56. TuanChe has a 12 month low of $0.45 and a 12 month high of $10.74. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.73.

Hedge Funds Weigh In On TuanChe

An institutional investor recently bought a new position in TuanChe stock. Two Sigma Investments LP bought a new stake in shares of TuanChe Limited (NASDAQ:TC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 150,263 shares of the company’s stock, valued at approximately $125,000. Two Sigma Investments LP owned approximately 0.61% of TuanChe at the end of the most recent reporting period. 8.88% of the stock is owned by institutional investors.

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.