Wellchange Holdings Company Limited (NASDAQ:WCT – Get Free Report) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 209,998 shares, a growth of 2,418.6% from the May 31st total of 8,338 shares. Based on an average daily trading volume, of 16,600,751 shares, the days-to-cover ratio is currently 0.0 days. Approximately 6.8% of the company’s stock are short sold.
Wellchange Price Performance
Shares of WCT stock opened at $1.16 on Friday. Wellchange has a 1-year low of $0.90 and a 1-year high of $25.00. The stock has a 50-day moving average of $1.78 and a 200-day moving average of $4.92.
Wellchange (NASDAQ:WCT – Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.62) earnings per share (EPS) for the quarter. The firm had revenue of $0.08 million during the quarter.
Analyst Ratings Changes
Hedge Funds Weigh In On Wellchange
An institutional investor recently bought a new position in Wellchange stock. Citadel Advisors LLC purchased a new stake in shares of Wellchange Holdings Company Limited (NASDAQ:WCT – Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned approximately 0.19% of Wellchange at the end of the most recent quarter.
About Wellchange
Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services. The company also operates MR. CLOUD, a cloud-based SaaS enterprise resource planning software platform based on subscription services to support back-office and front-office functions, such as finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management, professional services automation, project and file management, human resources management, e-commerce, and marketing automation.
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