Short Interest in Zhibao Technology Inc. (NASDAQ:ZBAO) Increases By 17,506.8%

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 236,811 shares, a growth of 17,506.8% from the March 31st total of 1,345 shares. Based on an average trading volume of 317,744 shares, the short-interest ratio is presently 0.7 days. Approximately 0.7% of the shares of the stock are short sold.

Zhibao Technology Stock Performance

Zhibao Technology stock traded up $0.01 during mid-day trading on Friday, hitting $0.73. The company’s stock had a trading volume of 66,981 shares, compared to its average volume of 190,015. The business has a 50 day moving average price of $0.84 and a 200-day moving average price of $0.92. Zhibao Technology has a 12 month low of $0.61 and a 12 month high of $1.35.

Zhibao Technology (NASDAQ:ZBAO) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $14.72 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zhibao Technology in a research report on Friday, April 10th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Zhibao Technology has an average rating of “Sell”.

About Zhibao Technology

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.