Triller Group Inc. (NASDAQ:ILLR) Sees Significant Increase in Short Interest

Triller Group Inc. (NASDAQ:ILLR) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,847,711 shares, a growth of 72.9% from the May 14th total of 1,068,776 shares. Based on an average daily volume of 7,991,165 shares, the short-interest ratio is currently 0.2 days. Approximately 1.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on shares of Triller Group in a research note on Thursday. They issued a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Triller Group has an average rating of “Sell”.

Institutional Investors Weigh In On Triller Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Triller Group by 15.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 139,821 shares of the company’s stock worth $116,000 after acquiring an additional 18,811 shares during the period. Virtu Financial LLC raised its stake in Triller Group by 267.9% during the 3rd quarter. Virtu Financial LLC now owns 45,741 shares of the company’s stock worth $38,000 after acquiring an additional 33,308 shares during the period. Bank of America Corp DE raised its stake in Triller Group by 645.3% during the 2nd quarter. Bank of America Corp DE now owns 56,587 shares of the company’s stock worth $53,000 after acquiring an additional 48,994 shares during the period. Invesco Ltd. bought a new stake in Triller Group during the 2nd quarter worth approximately $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Triller Group during the 2nd quarter worth approximately $52,000. Institutional investors own 0.04% of the company’s stock.

Triller Group Price Performance

Shares of NASDAQ:ILLR traded down $0.04 during trading on Monday, hitting $0.18. The company’s stock had a trading volume of 1,220,645 shares, compared to its average volume of 1,534,111. Triller Group has a 12 month low of $0.00 and a 12 month high of $1.73. The firm has a market cap of $36.16 million, a price-to-earnings ratio of -0.26 and a beta of -1.65. The company has a 50-day moving average of $0.23 and a 200-day moving average of $0.25.

Triller Group (NASDAQ:ILLR) last released its earnings results on Wednesday, May 13th. The company reported ($0.16) EPS for the quarter. The business had revenue of $5.03 million for the quarter.

Triller Group Company Profile

Triller Group (NASDAQ: ILLR) is a publicly traded entertainment and technology company known primarily for its ownership and operation of the Triller social video platform. Launched as a competitor to other short-form video services, Triller offers users tools for video creation, music integration and social sharing. The platform caters to a broad audience of content creators, influencers and music artists, enabling them to produce, edit and distribute short videos directly from mobile devices.

Beyond the core app, Triller Group has diversified into live events, digital media and sports content.