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

Wellchange Holdings Company Limited (NASDAQ:WCT) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 18,223 shares, a drop of 76.9% from the December 31st total of 78,804 shares. Based on an average daily volume of 200,484 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 200,484 shares, the short-interest ratio is currently 0.1 days.

Wellchange Stock Performance

NASDAQ WCT opened at $0.16 on Wednesday. Wellchange has a 1 year low of $0.12 and a 1 year high of $3.75. The stock’s 50-day moving average price is $0.20 and its two-hundred day moving average price is $0.24.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Wellchange in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Wellchange

A hedge fund recently bought a new stake in Wellchange stock. Citadel Advisors LLC acquired a new position in shares of Wellchange Holdings Company Limited (NASDAQ:WCT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 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.

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.