Treasure Global Inc. (NASDAQ:TGL) Sees Significant Growth in Short Interest

Treasure Global Inc. (NASDAQ:TGL) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 253,600 shares, a growth of 326.9% from the September 15th total of 59,400 shares. Based on an average trading volume of 3,810,000 shares, the short-interest ratio is currently 0.1 days. Currently, 13.6% of the company’s shares are sold short.

Treasure Global Stock Performance

Shares of TGL stock traded up $0.01 during mid-day trading on Friday, hitting $0.81. The company’s stock had a trading volume of 35,795 shares, compared to its average volume of 1,513,878. Treasure Global has a 52 week low of $0.54 and a 52 week high of $43.75. The company’s fifty day simple moving average is $0.91 and its 200-day simple moving average is $2.68. The company has a market cap of $8.99 million, a PE ratio of -0.18 and a beta of 2.85.

Treasure Global Company Profile

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.