Cheche Group Inc. (NASDAQ:CCG) Short Interest Update

Cheche Group Inc. (NASDAQ:CCG) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 187,007 shares, a growth of 101.5% from the December 15th total of 92,826 shares. Based on an average trading volume of 69,076 shares, the days-to-cover ratio is currently 2.7 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 69,076 shares, the days-to-cover ratio is currently 2.7 days.

Wall Street Analysts Forecast Growth

CCG has been the topic of several research analyst reports. Wall Street Zen upgraded Cheche Group to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheche Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Cheche Group currently has a consensus rating of “Sell”.

Institutional Trading of Cheche Group

An institutional investor recently bought a new position in Cheche Group stock. Centiva Capital LP purchased a new position in shares of Cheche Group Inc. (NASDAQ:CCG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,244 shares of the company’s stock, valued at approximately $27,000. 19.76% of the stock is currently owned by hedge funds and other institutional investors.

Cheche Group Stock Down 0.6%

NASDAQ:CCG opened at $0.82 on Thursday. The company’s fifty day simple moving average is $0.91. The firm has a market capitalization of $53.34 million, a price-to-earnings ratio of -7.45 and a beta of 0.44. Cheche Group has a 1-year low of $0.71 and a 1-year high of $1.54.

About Cheche Group

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.