Short Interest in TuanChe Limited (NASDAQ:TC) Increases By 59.3%

TuanChe Limited (NASDAQ:TC) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 47,800 shares, a growth of 59.3% from the February 28th total of 30,000 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 698,700 shares, the short-interest ratio is currently 0.1 days.

TuanChe Stock Performance

TC stock opened at $0.73 on Friday. The firm has a 50 day simple moving average of $0.87 and a 200 day simple moving average of $1.11. TuanChe has a 52 week low of $0.71 and a 52 week high of $4.30.

TuanChe Company Profile

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.