Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Up 591.7% in January

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 24,735 shares, an increase of 591.7% from the December 31st total of 3,576 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 101,533 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 101,533 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Zhibao Technology Stock Up 0.0%

Shares of ZBAO stock opened at $0.93 on Wednesday. Zhibao Technology has a 1-year low of $0.77 and a 1-year high of $2.14. The stock has a 50 day simple moving average of $0.96 and a 200-day simple moving average of $0.99.

Zhibao Technology (NASDAQ:ZBAO) last released its quarterly earnings results on Friday, January 9th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $9.30 million for the quarter. Analysts expect that Zhibao Technology will post 0.06 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Zhibao Technology in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Zhibao Technology has a consensus rating of “Sell”.

About Zhibao Technology

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.