Zhibao Technology Inc. (NASDAQ:ZBAO) Sees Large Decline in Short Interest

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 42,527 shares, a drop of 45.5% from the January 29th total of 78,067 shares. Based on an average daily volume of 136,039 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 136,039 shares, the days-to-cover ratio is currently 0.3 days.

Zhibao Technology Price Performance

ZBAO opened at $0.67 on Friday. The stock’s fifty day moving average is $0.88 and its 200-day moving average is $0.97. Zhibao Technology has a one year low of $0.64 and a one year high of $2.14.

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

Analysts Set New Price Targets

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

Zhibao Technology Company Profile

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.