Wellchange Holdings Company Limited (NASDAQ:WCT) Sees Significant Drop in Short Interest

Wellchange Holdings Company Limited (NASDAQ:WCT) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 4,232 shares, a decline of 83.8% from the January 29th total of 26,068 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 821,451 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 821,451 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

Wellchange Stock Performance

Shares of WCT opened at $0.13 on Thursday. The company’s 50-day moving average price is $0.16 and its 200 day moving average price is $0.23. Wellchange has a 12-month low of $0.12 and a 12-month high of $3.75.

Hedge Funds Weigh In On Wellchange

A hedge fund recently bought a new stake in Wellchange stock. Citadel Advisors LLC bought a new stake in Wellchange Holdings Company Limited (NASDAQ:WCT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned about 0.19% of Wellchange as of its most recent filing with the Securities and Exchange Commission.

About Wellchange

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.