Zhibao Technology Inc. (NASDAQ:ZBAO – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 650,165 shares, a growth of 537.9% from the September 15th total of 101,927 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 26,907,764 shares, the days-to-cover ratio is currently 0.0 days.
Zhibao Technology Trading Down 2.0%
ZBAO stock traded down $0.00 during midday trading on Friday, reaching $0.06. 206,463,014 shares of the company’s stock traded hands, compared to its average volume of 27,933,388. The company has a 50-day moving average price of $0.15 and a two-hundred day moving average price of $0.46. Zhibao Technology has a 52 week low of $0.04 and a 52 week high of $1.34.
Zhibao Technology shares are going to reverse split on Monday, October 12th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, October 11th.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Zhibao Technology
About Zhibao Technology
Zhibao Technology Inc is an insurance technology company based in China. Through its digital platform and related services, the company focuses on insurance brokerage and the distribution of commercial property and casualty insurance products.
Zhibao Technology works with businesses and insurance providers to support the design, placement and servicing of insurance coverage. Its technology-based model is intended to streamline insurance transactions and help commercial customers access insurance products through digital channels.
The company operates primarily in the Chinese insurance market.
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