TROOPS, Inc. (NASDAQ:TROO) Sees Large Drop in Short Interest

TROOPS, Inc. (NASDAQ:TROO) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 108,000 shares, a drop of 22.5% from the September 15th total of 139,400 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 68,800 shares, the days-to-cover ratio is presently 1.6 days.

TROOPS Price Performance

Shares of NASDAQ:TROO remained flat at $2.12 during trading on Friday. The company’s stock had a trading volume of 1,427 shares, compared to its average volume of 16,734. The firm’s 50-day moving average is $3.67 and its 200 day moving average is $2.50. TROOPS has a 12-month low of $0.73 and a 12-month high of $4.89.

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.