Short Interest in TuanChe Limited (NASDAQ:TC) Declines By 20.3%

TuanChe Limited (NASDAQ:TC) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 27,900 shares, a decrease of 20.3% from the August 31st total of 35,000 shares. Based on an average trading volume of 43,400 shares, the days-to-cover ratio is currently 0.6 days.

TuanChe Trading Up 4.2 %

TC opened at $1.72 on Friday. TuanChe has a 1 year low of $1.40 and a 1 year high of $8.70. The firm has a 50 day moving average price of $1.72 and a 200 day moving average price of $1.83. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.44 and a quick ratio of 0.71.

About TuanChe

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.