Treasure Global Inc. (NASDAQ:TGL) Sees Significant Drop in Short Interest

Treasure Global Inc. (NASDAQ:TGL) was the target of a significant decrease in short interest during 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. Based on an average daily volume of 682,800 shares, the days-to-cover ratio is presently 0.0 days. Currently, 3.8% of the shares of the company are sold short.

Insider Buying and Selling at Treasure Global

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

Treasure Global Stock Down 3.3 %

Shares of TGL stock traded down $0.16 during trading on Friday, hitting $4.61. The company had a trading volume of 19,518 shares, compared to its average volume of 99,388. The stock’s 50-day moving average is $4.46 and its two-hundred day moving average is $9.88. Treasure Global has a 52 week low of $3.11 and a 52 week high of $161.00.

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

About Treasure Global

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.