Short Interest in TROOPS, Inc. (NASDAQ:TROO) Drops By 37.3%

Key Points

• TROOPS, Inc. (NASDAQ:TROO) experienced a significant 37.3% decrease in short interest in August, with short interest dropping from 728,000 shares to 456,400 shares.
• The stock is currently trading at $1.03, reflecting a 1.5% increase on the trading day, with a 52-week range of $0.49 to $4.50.
• TROOPS, Inc. specializes in money lending services and operates an online financial marketplace in Hong Kong and Australia.

TROOPS, Inc. (NASDAQ:TROO - Get Free Report) saw a large decrease in short interest in August. As of August 15th, there was short interest totaling 456,400 shares, a decrease of 37.3% from the July 31st total of 728,000 shares. Based on an average daily volume of 1,710,000 shares, the short-interest ratio is presently 0.3 days. Approximately 1.1% of the company's shares are sold short. Approximately 1.1% of the company's shares are sold short. Based on an average daily volume of 1,710,000 shares, the short-interest ratio is presently 0.3 days.

TROOPS Stock Down 6.5%

Shares of TROOPS stock traded down $0.08 on Thursday, hitting $1.15. 149,516 shares of the company's stock traded hands, compared to its average volume of 786,728. TROOPS has a one year low of $0.49 and a one year high of $4.10. The company has a fifty day moving average of $0.87 and a two-hundred day moving average of $0.80.

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.