Treasure Global Inc. (NASDAQ:TGL) Short Interest Update

Treasure Global Inc. (NASDAQ:TGL) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 17,400 shares, a decrease of 84.9% from the March 31st total of 115,500 shares. Currently, 3.8% of the company’s shares are sold short. Based on an average daily volume of 682,800 shares, the short-interest ratio is presently 0.0 days.

Treasure Global Stock Down 3.3 %

NASDAQ:TGL traded down $0.16 during midday trading on Friday, hitting $4.61. The stock had a trading volume of 19,518 shares, compared to its average volume of 99,388. Treasure Global has a one year low of $3.11 and a one year high of $161.00. The stock has a 50-day moving average of $4.46 and a 200 day moving average of $9.88.

Treasure Global (NASDAQ:TGL) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.35. Treasure Global had a negative return on equity of 723.98% and a negative net margin of 17.50%. The company had revenue of $6.71 million for the quarter, compared to analysts’ expectations of $18.39 million.

Insider Buying and Selling at Treasure Global

In related news, CEO Chong Chan Teo acquired 16,714 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were acquired at an average cost of $5.60 per share, for a total transaction of $93,598.40. Following the completion of the transaction, the chief executive officer now directly owns 56,478 shares in the company, valued at approximately $316,276.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.17% of the company’s stock.

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.