Zhibao Technology Inc. (NASDAQ:ZBAO) Sees Significant Increase in Short Interest

Zhibao Technology Inc. (NASDAQ:ZBAO – Get Free Report) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 875,931 shares, an increase of 74.0% from the July 30th total of 503,416 shares. Approximately 2.7% of the company’s shares are short sold. Based on an average daily volume of 29,613,272 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

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

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Zhibao Technology Stock Down 4.2%

Shares of ZBAO stock traded down $0.01 during trading hours on Monday, hitting $0.16. The company’s stock had a trading volume of 343,152 shares, compared to its average volume of 10,380,925. The company has a 50 day moving average of $0.28 and a 200 day moving average of $0.61. Zhibao Technology has a 12-month low of $0.15 and a 12-month high of $1.34.

About Zhibao Technology

(Get Free Report)

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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