Short Interest in XCHG Limited (NASDAQ:XCH) Decreases By 62.3%

XCHG Limited (NASDAQ:XCHGet Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 19,668 shares, a decrease of 62.3% from the March 15th total of 52,156 shares. Based on an average daily volume of 44,323 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of XCHG in a research note on Friday. Zacks Research upgraded XCHG to a “hold” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Get Our Latest Analysis on XCHG

XCHG Trading Down 6.6%

NASDAQ:XCH traded down $0.07 during trading hours on Tuesday, hitting $1.04. 9,122 shares of the company were exchanged, compared to its average volume of 40,688. The company has a fifty day simple moving average of $1.17 and a 200 day simple moving average of $1.23. XCHG has a one year low of $0.55 and a one year high of $2.50. The stock has a market capitalization of $61.83 million, a price-to-earnings ratio of -13.00 and a beta of -0.65.

XCHG Company Profile

(Get Free Report)

XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.

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