Triller Group Inc. (NASDAQ:ILLR) Sees Significant Growth in Short Interest

Key Points

• Triller Group Inc. saw a significant increase in short interest of 120.9% from mid-September to the end of September, totaling 4,020,000 shares.
• Several institutional investors have dramatically increased their holdings, including Geode Capital Management raising its stake by 1,421.5% in Q2.
• Triller Group's stock price rose by 3.7% to $0.67, with a market cap of approximately $109.62 million and a PE ratio of -0.55.

Triller Group Inc. (NASDAQ:ILLR - ) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 4,020,000 shares, a growth of 120.9% from the September 15th total of 1,820,000 shares. Based on an average daily trading volume, of 1,880,000 shares, the short-interest ratio is presently 2.1 days. Approximately 2.4% of the company's stock are sold short. Approximately 2.4% of the company's stock are sold short. Based on an average daily trading volume, of 1,880,000 shares, the short-interest ratio is presently 2.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in shares of Triller Group by 1,421.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,364,056 shares of the company's stock worth $1,269,000 after purchasing an additional 1,274,403 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Triller Group during the first quarter worth $872,000. Goldman Sachs Group Inc. raised its position in Triller Group by 358.6% during the first quarter. Goldman Sachs Group Inc. now owns 527,859 shares of the company's stock worth $412,000 after acquiring an additional 412,758 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its stake in Triller Group by 469.9% in the first quarter. OMERS ADMINISTRATION Corp now owns 246,200 shares of the company's stock valued at $192,000 after acquiring an additional 203,000 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in Triller Group in the second quarter valued at $140,000. Institutional investors and hedge funds own 0.04% of the company's stock.

Triller Group Trading Up 3.7%

Shares of Triller Group stock traded up $0.02 during trading hours on Monday, reaching $0.67. 553,600 shares of the company's stock were exchanged, compared to its average volume of 576,296. The firm has a market cap of $109.62 million, a PE ratio of -0.55 and a beta of -1.71. The business's 50 day moving average is $0.74. Triller Group has a fifty-two week low of $0.40 and a fifty-two week high of $4.75.

About Triller Group

Triller Group Inc is a us-based company that operates its businesses through Triller Corp which operates as a technology platform and AGBA Group Holding Limited operates as an insurance and wealth distribution platform

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