Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Update

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 78,067 shares, a growth of 215.6% from the January 15th total of 24,735 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 92,979 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 92,979 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the company are sold short.

Zhibao Technology Stock Performance

Shares of NASDAQ:ZBAO opened at $0.84 on Wednesday. The company’s fifty day moving average is $0.94 and its 200-day moving average is $0.99. Zhibao Technology has a 52 week low of $0.77 and a 52 week high of $2.14.

Zhibao Technology (NASDAQ:ZBAO) last released its quarterly earnings results on Friday, January 9th. The company reported ($0.08) EPS for the quarter. The company had revenue of $9.30 million during the quarter. As a group, equities research analysts anticipate that Zhibao Technology will post 0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Zhibao Technology in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, 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.