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

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 94,900 shares, an increase of 24.4% from the March 15th total of 76,300 shares. Based on an average daily volume of 122,800 shares, the short-interest ratio is presently 0.8 days. Approximately 1.1% of the company’s stock are short sold.

Zhibao Technology Price Performance

NASDAQ ZBAO opened at $0.93 on Friday. Zhibao Technology has a 52 week low of $0.85 and a 52 week high of $5.70. The company’s fifty day simple moving average is $1.25 and its 200-day simple moving average is $2.06.

About Zhibao Technology

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.