Short Interest in TuanChe Limited (NASDAQ:TC) Drops By 67.3%

TuanChe Limited (NASDAQ:TC) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 40,100 shares, a decline of 67.3% from the October 31st total of 122,600 shares. Based on an average daily volume of 781,100 shares, the days-to-cover ratio is presently 0.1 days.

TuanChe Price Performance

NASDAQ:TC traded up $0.05 during trading hours on Wednesday, hitting $0.90. 128,349 shares of the company’s stock traded hands, compared to its average volume of 259,089. TuanChe has a 52 week low of $0.75 and a 52 week high of $4.95. The business’s fifty day simple moving average is $1.34 and its two-hundred day simple moving average is $1.68.

About TuanChe

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.