XCHG Limited (NASDAQ:XCH) Sees Significant Decline in Short Interest

XCHG Limited (NASDAQ:XCH) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 37,085 shares, a drop of 19.7% from the December 15th total of 46,176 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 19,907 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily trading volume, of 19,907 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.1% of the company’s stock are sold short.

XCHG Stock Up 4.8%

XCH stock opened at $1.11 on Monday. The business has a 50 day moving average of $1.17 and a 200 day moving average of $1.29. The firm has a market cap of $66.23 million, a PE ratio of -13.93 and a beta of -0.85. XCHG has a twelve month low of $0.55 and a twelve month high of $2.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XCHG in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

About XCHG

XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.