Treasure Global Inc. (NASDAQ:TGL) Short Interest Down 42.3% in March

Treasure Global Inc. (NASDAQ:TGL) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 732,300 shares, a decline of 42.3% from the February 28th total of 1,270,000 shares. Based on an average daily trading volume, of 14,970,000 shares, the short-interest ratio is currently 0.0 days. Currently, 2.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Treasure Global

An institutional investor recently bought a new position in Treasure Global stock. Renaissance Technologies LLC bought a new stake in Treasure Global Inc. (NASDAQ:TGL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 565,800 shares of the company’s stock, valued at approximately $100,000. Renaissance Technologies LLC owned about 1.21% of Treasure Global at the end of the most recent quarter.

Treasure Global Price Performance

Treasure Global stock opened at $0.08 on Friday. Treasure Global has a fifty-two week low of $0.08 and a fifty-two week high of $6.04. The stock’s fifty day moving average is $0.16 and its two-hundred day moving average is $0.39.

Treasure Global (NASDAQ:TGL) last posted its earnings results on Friday, February 14th. The company reported ($0.01) earnings per share for the quarter. Treasure Global had a negative net margin of 185.07% and a negative return on equity of 57.02%. The business had revenue of $300 billion for the quarter.

About Treasure Global

Treasure Global Inc offers e-commerce activities through its platform. Its platform provides consumers and merchants instant rebates and affiliate cashback programs, while providing a seamless e-payment solution with rebates in both e-commerce and physical retailers/merchant settings. The company offers ZCITY App, a payment gateway platform.