Short Interest in Treasure Global Inc. (NASDAQ:TGL) Decreases By 77.3%

Treasure Global Inc. (NASDAQ:TGL) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 12,151 shares, a drop of 77.3% from the June 15th total of 53,469 shares. Based on an average trading volume of 37,851 shares, the short-interest ratio is presently 0.3 days. Approximately 0.7% of the shares of the company are short sold.

Treasure Global Stock Performance

Treasure Global stock opened at $3.81 on Tuesday. The business’s 50-day simple moving average is $4.14 and its 200-day simple moving average is $4.62. The firm has a market capitalization of $7.43 million, a PE ratio of -0.01 and a beta of 2.90. Treasure Global has a 52 week low of $3.40 and a 52 week high of $58.00.

Treasure Global (NASDAQ:TGL) last announced its earnings results on Wednesday, May 20th. The company reported ($2.70) earnings per share for the quarter, beating the consensus estimate of ($11,200.00) by $11,197.30. The firm had revenue of $1.50 million during the quarter, compared to the consensus estimate of $14.26 million. Treasure Global had a negative return on equity of 94.34% and a negative net margin of 791.30%.

Hedge Funds Weigh In On Treasure Global

A hedge fund recently bought a new stake in Treasure Global stock. Schonfeld Strategic Advisors LLC purchased a new position in Treasure Global Inc. (NASDAQ:TGL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 19,303 shares of the company’s stock, valued at approximately $118,000. Schonfeld Strategic Advisors LLC owned about 1.15% of Treasure Global at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Treasure Global in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Treasure Global has a consensus rating of “Sell”.

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. Treasure Global Inc was incorporated in 2020 and is based in New York, New York.