XChange TEC.INC. Sponsored ADR (NASDAQ:XHG – Get Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 951,444 shares, an increase of 148,331.2% from the July 30th total of 641 shares. Currently, 1.9% of the company’s shares are short sold. Based on an average daily volume of 8,594,020 shares, the days-to-cover ratio is presently 0.1 days.
XChange TEC.INC. Trading Down 2.0%
Shares of NASDAQ XHG opened at $4.02 on Wednesday. XChange TEC.INC. has a 12-month low of $0.65 and a 12-month high of $7.23. The stock has a fifty day moving average price of $1.52 and a 200 day moving average price of $1.15.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XChange TEC.INC. in a report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, XChange TEC.INC. presently has a consensus rating of “Sell”.
About XChange TEC.INC.
XChange TEC.INC engages in the professional insurance agency business in the People’s Republic of China. The company provides a various insurance products underwritten by insurance companies, including state-owned property and casualty insurance companies, as well as various regional property and casualty insurance companies. It also offers automobile, life, health, group accident, and other property related insurances primarily to individual end consumers. In addition, the company operates a SaaS platform to offer comprehensive services to online customers.
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