Short Interest in TROOPS, Inc. (NASDAQ:TROO) Decreases By 29.6%

Key Points

• Short interest in TROOPS, Inc. has decreased by 29.6%, dropping from 245,700 shares on August 31 to 172,900 shares on September 15.
• TROOPS is currently rated as a Sell by analysts, with Weiss Ratings reaffirming this position in a note on September 27.
• The stock opened at $1.34 on Monday, showing a stark contrast to its 52-week low of $0.49 and a high of $3.05.

TROOPS, Inc. (NASDAQ:TROO - Get Free Report) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 172,900 shares, a decline of 29.6% from the August 31st total of 245,700 shares. Based on an average trading volume of 1,730,000 shares, the short-interest ratio is currently 0.1 days. Approximately 0.4% of the company's stock are sold short. Approximately 0.4% of the company's stock are sold short. Based on an average trading volume of 1,730,000 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of TROOPS in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Sell".

TROOPS Stock Performance

NASDAQ:TROO opened at $1.34 on Monday. The firm's 50-day moving average is $1.03 and its 200-day moving average is $0.81. TROOPS has a 52-week low of $0.49 and a 52-week high of $3.05.

TROOPS Company Profile

TROOPS, Inc, together with its subsidiaries, engages in the money lending business in Hong Kong and Australia. The company provides mortgage, personal, and corporate loans; operates online financial marketplace through a platform for money lending, system integration, and consultation services; and invests in real estate properties in Hong Kong.

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