Wellchange Holdings Company Limited (NASDAQ:WCT) Stock Short Interest Drops 73.4%

Wellchange Holdings Company Limited (NASDAQ:WCT – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 76,138 shares, a drop of 73.4% from the September 30th total of 285,698 shares. Based on an average daily volume of 1,331,131 shares, the short-interest ratio is presently 0.1 days. Currently, 13.1% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WCT. Wall Street Zen upgraded Wellchange from a “sell” rating to a “hold” rating in a research note on Monday, October 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wellchange in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Get Our Latest Analysis on Wellchange

Wellchange Stock Down 1.6%

NASDAQ:WCT traded down $0.01 during trading hours on Thursday, reaching $0.31. 77,427 shares of the stock were exchanged, compared to its average volume of 398,027. The business has a 50-day moving average of $4.24 and a two-hundred day moving average of $12.97. Wellchange has a twelve month low of $0.30 and a twelve month high of $69.50.

About Wellchange

(Get Free Report)

Further Reading

Receive News & Ratings for Wellchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wellchange and related companies with MarketBeat.com's FREE daily email newsletter.