Wellchange Holdings Company Limited (NASDAQ:WCT) Stock Short Interest Falls 90.8%

Wellchange Holdings Company Limited (NASDAQ:WCT – Get Free Report) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 56,867 shares, a decrease of 90.8% from the August 31st total of 619,557 shares. Based on an average daily volume of 271,526 shares, the short-interest ratio is currently 0.2 days. Approximately 9.8% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Wellchange in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

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Wellchange Trading Up 3.1%

WCT stock traded up $0.23 during trading on Thursday, hitting $7.75. 3,679,620 shares of the company traded hands, compared to its average volume of 612,026. Wellchange has a 1 year low of $1.90 and a 1 year high of $109.53. The company has a 50-day moving average of $5.50 and a 200-day moving average of $8.71.

About Wellchange

(Get Free Report)

Wellchange Holdings Company Limited (NASDAQ: WCT) is a technology services company focused on helping businesses adopt and manage digital solutions. Its activities include information technology consulting, systems integration, software and application development, and related technology support services.

The company provides solutions intended to support customers’ IT infrastructure, cloud adoption, cybersecurity, and business operations. Its services are designed to help organizations modernize technology environments, improve operational efficiency, and manage ongoing information technology requirements.

Wellchange is based in Hong Kong and primarily serves business customers in the region.

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