Short Interest in TuanChe Limited (NASDAQ:TC) Decreases By 82.7%

TuanChe Limited (NASDAQ:TC) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 25,300 shares, a decrease of 82.7% from the January 31st total of 146,000 shares. Based on an average daily trading volume, of 745,000 shares, the short-interest ratio is currently 0.0 days.

TuanChe Stock Performance

Shares of TC stock traded down $0.09 during trading hours on Friday, hitting $0.86. The company had a trading volume of 44,797 shares, compared to its average volume of 1,071,782. The company’s fifty day moving average is $0.98 and its 200 day moving average is $1.25. TuanChe has a fifty-two week low of $0.75 and a fifty-two week high of $4.30.

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.