Treasure Global Inc. (NASDAQ:TGL) Short Interest Update

Treasure Global Inc. (NASDAQ:TGL) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 100,800 shares, an increase of 1,552.5% from the February 29th total of 6,100 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 689,500 shares, the days-to-cover ratio is presently 0.1 days.

Treasure Global Stock Up 3.6 %

NASDAQ:TGL opened at $4.07 on Thursday. The business’s 50 day moving average is $5.34 and its two-hundred day moving average is $11.80. Treasure Global has a 52 week low of $3.11 and a 52 week high of $168.00. The company has a market cap of $45.05 million, a PE ratio of -1.21 and a beta of 3.34.

Treasure Global (NASDAQ:TGL) last released its earnings results on Wednesday, February 14th. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.35. The company had revenue of $6.71 million for the quarter, compared to the consensus estimate of $18.39 million. Treasure Global had a negative return on equity of 723.98% and a negative net margin of 17.50%.

Insider Activity

In other Treasure Global news, CEO Chong Chan Teo acquired 16,714 shares of the stock in a transaction on Friday, February 2nd. The stock was purchased at an average price of $5.60 per share, for a total transaction of $93,598.40. Following the purchase, the chief executive officer now directly owns 56,478 shares in the company, valued at $316,276.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.17% of the company’s stock.

Institutional Trading of Treasure Global

Several hedge funds have recently made changes to their positions in TGL. Geode Capital Management LLC bought a new stake in shares of Treasure Global in the 1st quarter worth approximately $45,000. Jane Street Group LLC bought a new stake in shares of Treasure Global in the 3rd quarter worth approximately $46,000. Finally, Marshall Wace LLP bought a new stake in shares of Treasure Global in the 3rd quarter worth approximately $68,000.

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.