Wellchange Holdings Company Limited (NASDAQ:WCT) Short Interest Update

Wellchange Holdings Company Limited (NASDAQ:WCT) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 78,804 shares, an increase of 144.8% from the December 15th total of 32,195 shares. Based on an average daily volume of 253,013 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 253,013 shares, the short-interest ratio is presently 0.3 days.

Wellchange Stock Down 3.4%

NASDAQ WCT opened at $0.17 on Wednesday. Wellchange has a 52 week low of $0.12 and a 52 week high of $3.75. The firm’s 50-day simple moving average is $0.22 and its two-hundred day simple moving average is $0.24.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Wellchange in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wellchange currently has an average rating of “Sell”.

Institutional Trading of Wellchange

A hedge fund recently bought a new stake in Wellchange stock. Citadel Advisors LLC acquired a new position in Wellchange Holdings Company Limited (NASDAQ:WCT) during the third quarter, according to its most recent filing with the SEC. The firm acquired 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned about 0.19% of Wellchange as of its most recent filing with the SEC.

Wellchange Company Profile

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.