Token Cat Limited – Sponsored ADR (NASDAQ:TC) Sees Large Drop in Short Interest

Token Cat Limited – Sponsored ADR (NASDAQ:TC) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 7,700 shares, a decline of 35.8% from the August 15th total of 12,000 shares. Based on an average daily trading volume, of 14,200 shares, the short-interest ratio is presently 0.5 days. Currently, 4.9% of the shares of the company are sold short. Currently, 4.9% of the shares of the company are sold short. Based on an average daily trading volume, of 14,200 shares, the short-interest ratio is presently 0.5 days.

Token Cat Trading Up 5.7%

NASDAQ:TC opened at $14.80 on Wednesday. Token Cat has a 12 month low of $9.20 and a 12 month high of $86.00. The firm has a fifty day simple moving average of $13.68 and a 200-day simple moving average of $14.32.

About Token Cat

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.