TuanChe Limited (NASDAQ:TC) Sees Large Increase in Short Interest

TuanChe Limited (NASDAQ:TC) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 122,600 shares, an increase of 337.9% from the October 15th total of 28,000 shares. Based on an average trading volume of 752,700 shares, the days-to-cover ratio is currently 0.2 days.

TuanChe Stock Down 9.1 %

TC traded down $0.08 during midday trading on Wednesday, hitting $0.78. 526 shares of the company were exchanged, compared to its average volume of 260,700. TuanChe has a 1-year low of $0.75 and a 1-year high of $5.40. The firm’s 50 day moving average price is $1.52 and its 200-day moving average price is $1.76.

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.