Short Interest in TuanChe Limited (NASDAQ:TC) Increases By 18.6%

TuanChe Limited (NASDAQ:TC) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 30,000 shares, an increase of 18.6% from the February 13th total of 25,300 shares. Based on an average daily volume of 713,700 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.0% of the company’s stock are short sold.

TuanChe Price Performance

Shares of NASDAQ:TC opened at $0.80 on Wednesday. The company’s fifty day moving average is $0.90 and its two-hundred day moving average is $1.15. TuanChe has a 12-month low of $0.72 and a 12-month 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.