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

TuanChe Limited (NASDAQ:TCGet Free Report) was the target of a significant decline in short interest during the month of February. As of February 29th, there was short interest totalling 5,000 shares, a decline of 19.4% from the February 14th total of 6,200 shares. Based on an average daily trading volume, of 59,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Walleye Capital LLC bought a new position in shares of TuanChe in the third quarter valued at about $849,000. Renaissance Technologies LLC raised its holdings in shares of TuanChe by 10.9% in the third quarter. Renaissance Technologies LLC now owns 49,698 shares of the company’s stock valued at $178,000 after buying an additional 4,900 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of TuanChe in the fourth quarter valued at about $125,000. 8.88% of the stock is owned by institutional investors.

TuanChe Stock Down 0.5 %

TuanChe stock opened at $1.82 on Thursday. The stock has a 50-day simple moving average of $2.25 and a 200 day simple moving average of $4.56. TuanChe has a 12-month low of $1.70 and a 12-month high of $15.75.

About TuanChe

(Get Free Report)

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.

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