Short Interest in TROOPS, Inc. (NASDAQ:TROO) Decreases By 54.5%

Key Points

• TROOPS, Inc. experienced a significant drop in short interest, decreasing by 54.5% from 1.6 million shares to 728,000 shares during July.
• The current short-interest ratio for the stock is 0.4 days, indicating a relatively low level of short selling compared to its average trading volume.
• As of the latest data, shares of TROOPS are trading at $0.85, with a one-year high of $4.89 and a low of $0.49.

TROOPS, Inc. (NASDAQ:TROO - Get Free Report) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 728,000 shares, adeclineof54.5% from the July 15th total of 1,600,000 shares. Based on an average daily trading volume, of 1,680,000 shares, the days-to-cover ratio is currently 0.4 days. Currently,1.7% of the company's shares are sold short. Currently,1.7% of the company's shares are sold short. Based on an average daily trading volume, of 1,680,000 shares, the days-to-cover ratio is currently 0.4 days.

TROOPS Price Performance

TROO traded up $0.0730 during trading on Wednesday, hitting $0.9230. 706,221 shares of the company's stock were exchanged, compared to its average volume of 846,584. TROOPS has a 1 year low of $0.4878 and a 1 year high of $4.89. The stock has a 50 day moving average price of $0.79 and a 200 day moving average price of $0.85.

About TROOPS

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.