TROOPS, Inc. (NASDAQ:TROO) Short Interest Up 79.2% in March

TROOPS, Inc. (NASDAQ:TROO) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 264,200 shares, an increase of 79.2% from the March 15th total of 147,400 shares. Based on an average daily trading volume, of 64,800 shares, the short-interest ratio is currently 4.1 days. Approximately 0.6% of the company’s stock are sold short.

Institutional Trading of TROOPS

A number of hedge funds have recently modified their holdings of the business. Invesco Ltd. boosted its holdings in shares of TROOPS by 59.0% during the 1st quarter. Invesco Ltd. now owns 124,637 shares of the company’s stock valued at $538,000 after buying an additional 46,267 shares in the last quarter. State Street Corp boosted its holdings in shares of TROOPS by 7.8% during the 1st quarter. State Street Corp now owns 74,207 shares of the company’s stock valued at $318,000 after buying an additional 5,354 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of TROOPS by 72.4% during the 1st quarter. JPMorgan Chase & Co. now owns 8,085 shares of the company’s stock valued at $35,000 after buying an additional 3,396 shares in the last quarter.

TROOPS Stock Performance

Shares of TROO stock traded down $0.05 during mid-day trading on Friday, reaching $1.17. 8,823 shares of the company’s stock traded hands, compared to its average volume of 124,971. TROOPS has a 12 month low of $1.13 and a 12 month high of $4.99. The company’s 50-day moving average price is $1.63 and its 200-day moving average price is $2.61.

TROOPS Company Profile

TROOPS, Inc, together with its subsidiaries, engages in the money lending business in Hong Kong and Australia. The company provides mortgage, personal, and corporate loans; operates online financial marketplace through a platform for money lending, system integration, and consultation services; and invests in real estate properties in Hong Kong.