Zhibao Technology Inc. (NASDAQ:ZBAO) Sees Large Decline in Short Interest

Zhibao Technology Inc. (NASDAQ:ZBAOGet Free Report) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 503,416 shares, a decline of 43.7% from the July 15th total of 894,689 shares. Based on an average trading volume of 76,818,437 shares, the short-interest ratio is currently 0.0 days. Approximately 1.5% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zhibao Technology in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on Zhibao Technology

Zhibao Technology Price Performance

Shares of NASDAQ:ZBAO opened at $0.23 on Monday. Zhibao Technology has a fifty-two week low of $0.15 and a fifty-two week high of $1.34. The business has a 50-day simple moving average of $0.37 and a two-hundred day simple moving average of $0.67.

About Zhibao Technology

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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.

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