TuanChe Limited (NASDAQ:TC) Sees Significant Growth in Short Interest

TuanChe Limited (NASDAQ:TC) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 146,000 shares, an increase of 271.5% from the January 15th total of 39,300 shares. Based on an average trading volume of 706,900 shares, the days-to-cover ratio is presently 0.2 days.

TuanChe Stock Performance

TC traded down $0.07 during trading hours on Wednesday, hitting $0.83. 132,097 shares of the stock were exchanged, compared to its average volume of 1,393,986. The stock has a 50-day simple moving average of $1.00 and a 200-day simple moving average of $1.32. TuanChe has a 12 month low of $0.75 and a 12 month high of $4.30.

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.