XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Short Interest Update

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 75,088 shares, a decrease of 14.3% from the January 15th total of 87,660 shares. Based on an average daily volume of 10,042 shares, the short-interest ratio is currently 7.5 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 10,042 shares, the short-interest ratio is currently 7.5 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of XChange TEC.INC. in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

XChange TEC.INC. Trading Up 1.8%

XHG opened at $0.89 on Thursday. The stock has a 50-day moving average of $0.91 and a 200 day moving average of $1.06. XChange TEC.INC. has a 12 month low of $0.81 and a 12 month high of $22.60.

XChange TEC.INC. Company Profile

XChange TEC.INC engages in the professional insurance agency business in the People’s Republic of China. The company provides a various insurance products underwritten by insurance companies, including state-owned property and casualty insurance companies, as well as various regional property and casualty insurance companies. It also offers automobile, life, health, group accident, and other property related insurances primarily to individual end consumers. In addition, the company operates a SaaS platform to offer comprehensive services to online customers.