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

Token Cat Limited – Sponsored ADR (NASDAQ:TC – Get Free Report) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 113,328 shares, a drop of 65.1% from the July 30th total of 324,653 shares. Based on an average daily volume of 417,142 shares, the short-interest ratio is presently 0.3 days. Currently, 6.6% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TC shares. Weiss Ratings restated a “sell (e+)” rating on shares of Token Cat in a research note on Friday, July 17th. Wall Street Zen upgraded Token Cat to a “hold” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

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Token Cat Stock Performance

Shares of TC traded up $0.16 during midday trading on Friday, hitting $2.09. 303,903 shares of the stock traded hands, compared to its average volume of 288,710. The business’s 50 day moving average price is $2.90 and its two-hundred day moving average price is $7.60. Token Cat has a 1-year low of $1.49 and a 1-year high of $22.46.

Token Cat Company Profile

(Get Free Report)

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.

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