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TROOPS, Inc. (NASDAQ:TROO) Short Interest Update

TROOPS logo with Multi-Sector Conglomerates background

Key Points

  • TROOPS, Inc. (NADSAQ:TROO) experienced a remarkable increase in short interest, rising by 10,784.4% to 1,600,000 shares in July.
  • Currently, approximately 3.8% of the company's shares are sold short, with a days-to-cover ratio of 1.0 days.
  • The stock is trading around $0.73, down from its 200-day moving average of $0.94, indicating potential volatility in its performance.
  • MarketBeat previews top five stocks to own in September.

TROOPS, Inc. (NASDAQ:TROO - Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,600,000 shares, anincreaseof10,784.4% from the June 30th total of 14,700 shares. Approximately3.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,650,000 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 1,650,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately3.8% of the shares of the stock are sold short.

TROOPS Stock Performance

Shares of NASDAQ TROO traded down $0.01 during midday trading on Friday, reaching $0.73. 56,987 shares of the company were exchanged, compared to its average volume of 904,134. The stock's 50-day moving average price is $0.77 and its 200-day moving average price is $0.94. TROOPS has a one year low of $0.49 and a one year high of $4.89.

About TROOPS

(Get Free Report)

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.

Further Reading

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