XChange TEC.INC. Sponsored ADR (NASDAQ:XHG – Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 37,380 shares, a decrease of 96.1% from the August 15th total of 951,444 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 128,778 shares, the short-interest ratio is presently 0.3 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XChange TEC.INC. in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
View Our Latest Stock Report on XHG
XChange TEC.INC. Trading Down 3.7%
XChange TEC.INC. Company Profile
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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