Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Up 150.3% in February

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 106,432 shares, an increase of 150.3% from the February 12th total of 42,527 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 113,749 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 113,749 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the shares of the stock are sold short.

Zhibao Technology Trading Down 8.5%

Zhibao Technology stock opened at $0.97 on Thursday. Zhibao Technology has a 52 week low of $0.64 and a 52 week high of $2.14. The firm’s 50-day simple moving average is $0.91 and its 200 day simple moving average is $0.97.

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

Wall Street Analyst Weigh In

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