XChange TEC.INC. Sponsored ADR (NASDAQ:XHG – Get Free Report) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 8,449 shares, a decline of 55.3% from the June 30th total of 18,921 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 5,824 shares, the days-to-cover ratio is currently 1.5 days.
XChange TEC.INC. Stock Down 1.0%
Shares of NASDAQ XHG opened at $0.97 on Tuesday. XChange TEC.INC. has a 1-year low of $0.65 and a 1-year high of $2.23. The business has a 50-day moving average of $0.96 and a 200-day moving average of $0.93.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XChange TEC.INC. in a research note on Friday, May 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.
XChange TEC.INC. Company Profile
XChange TEC.INC engages in the professional insurance agency business in the People’s Republic of China. The company provides a various insurance products underwritten by insurance companies, including state-owned property and casualty insurance companies, as well as various regional property and casualty insurance companies. It also offers automobile, life, health, group accident, and other property related insurances primarily to individual end consumers. In addition, the company operates a SaaS platform to offer comprehensive services to online customers.
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