XCHG Limited (NASDAQ:XCH) Stock Short Interest Report for September

XCHG Limited (NASDAQ:XCH – Get Free Report) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 9,580 shares, a growth of 109.4% from the September 15th total of 4,575 shares. Based on an average daily trading volume, of 15,347 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XCHG in a research report on Friday, October 2nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

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XCHG Stock Performance

Shares of NASDAQ XCH opened at $2.21 on Thursday. The firm has a market capitalization of $9.01 million, a price-to-earnings ratio of -1.38 and a beta of -1.22. The stock has a 50 day moving average price of $264.47 and a 200 day moving average price of $4,183.36. XCHG has a 52-week low of $1.55 and a 52-week high of $43.20.

XCHG (NASDAQ:XCH – Get Free Report) last announced its quarterly earnings data on Saturday, September 19th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $5.14 million during the quarter. Analysts forecast that XCHG will post -2.63 earnings per share for the current year.

About XCHG

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XCHG Limited, operating under the XCharge brand, is an electric vehicle (EV) charging technology company. It develops and supplies high-power direct-current fast-charging systems designed for commercial and passenger EV applications.

The company’s product portfolio includes fast-charging hardware, integrated energy storage and charging systems, and software for managing charging networks. Its solutions are intended to help charging operators, fleet owners, automakers, dealerships and other commercial customers deploy and operate EV charging infrastructure.

Founded in 2015, XCHG serves customers in multiple international markets, including Europe, Asia and North America.

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