Short Interest in TuanChe Limited (NASDAQ:TC) Rises By 337.9%

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

TuanChe Stock Up 2.4 %

NASDAQ TC traded up $0.02 on Tuesday, reaching $0.85. 4,181 shares of the company’s stock traded hands, compared to its average volume of 261,812. TuanChe has a 12 month low of $0.75 and a 12 month high of $5.40. The stock has a 50-day simple moving average of $1.54 and a 200 day simple moving average of $1.77.

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.