Cheche Group Inc. (NASDAQ:CCG) Short Interest Update

Cheche Group Inc. (NASDAQ:CCG) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totaling 87,984 shares, a drop of 17.4% from the March 15th total of 106,458 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 108,255 shares, the days-to-cover ratio is currently 0.8 days.

Cheche Group Trading Down 1.2%

NASDAQ CCG traded down $0.01 on Thursday, reaching $0.69. 83,582 shares of the company’s stock traded hands, compared to its average volume of 89,108. The firm has a market cap of $44.94 million, a PE ratio of -8.64 and a beta of 0.37. Cheche Group has a 12 month low of $0.68 and a 12 month high of $1.54. The stock has a 50-day moving average price of $0.80.

Cheche Group (NASDAQ:CCG) last issued its earnings results on Thursday, April 2nd. The company reported $0.02 earnings per share for the quarter. The company had revenue of $118.72 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheche Group in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cheche Group currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cheche Group stock. Centiva Capital LP bought a new position in Cheche Group Inc. (NASDAQ:CCG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 21,244 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds own 19.76% of the company’s stock.

About Cheche Group

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.