Short Interest in Wellchange Holdings Company Limited (NASDAQ:WCT) Declines By 24.8%

Wellchange Holdings Company Limited (NASDAQ:WCT) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 32,195 shares, a decrease of 24.8% from the November 30th total of 42,795 shares. Based on an average daily volume of 129,940 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 129,940 shares, the short-interest ratio is presently 0.2 days.

Wellchange Stock Down 14.3%

NASDAQ WCT opened at $0.18 on Tuesday. The stock has a 50-day moving average of $0.24 and a 200 day moving average of $0.25. Wellchange has a twelve month low of $0.12 and a twelve month high of $3.75.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wellchange stock. Citadel Advisors LLC purchased a new position in Wellchange Holdings Company Limited (NASDAQ:WCT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned approximately 0.19% of Wellchange as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Wellchange in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

About Wellchange

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services. The company also operates MR. CLOUD, a cloud-based SaaS enterprise resource planning software platform based on subscription services to support back-office and front-office functions, such as finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management, professional services automation, project and file management, human resources management, e-commerce, and marketing automation.