Bat Group Inc (NASDAQ:GLG) Short Interest Down 38.7% in September

Bat Group Inc (NASDAQ:GLG) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 94,300 shares, a decrease of 38.7% from the August 30th total of 153,800 shares. Based on an average trading volume of 108,600 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.2% of the shares of the company are short sold.

A hedge fund recently raised its stake in Bat Group stock. Citadel Advisors LLC boosted its position in shares of Bat Group Inc (NASDAQ:GLG) by 507.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,851 shares of the company’s stock after buying an additional 64,208 shares during the quarter. Citadel Advisors LLC owned approximately 1.07% of Bat Group worth $42,000 at the end of the most recent reporting period. 2.15% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:GLG traded up $0.05 during midday trading on Friday, reaching $0.50. The company’s stock had a trading volume of 67,301 shares, compared to its average volume of 62,885. Bat Group has a twelve month low of $0.28 and a twelve month high of $4.00. The stock has a fifty day moving average of $0.41 and a 200 day moving average of $0.81.

Bat Group (NASDAQ:GLG) last released its quarterly earnings results on Monday, August 19th. The company reported ($0.14) EPS for the quarter. The firm had revenue of $0.54 million for the quarter. Bat Group had a negative net margin of 331.46% and a negative return on equity of 122.06%.

About Bat Group

Bat Group, Inc engages in leasing used cars to individual and corporate customers under the Batcar brand name in Beijing, Tianjin, and Hebei. It also rents cars to other auto rental companies at a discounted rate, as well as provides car pooling services. The company was formerly known as China Bat Group, Inc and changed its name to Bat Group, Inc in June 2019.

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