Short Interest in XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Rises By 18.9%

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 83,426 shares, a growth of 18.9% from the February 12th total of 70,164 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 8,627 shares, the short-interest ratio is currently 9.7 days. Based on an average daily trading volume, of 8,627 shares, the short-interest ratio is currently 9.7 days. Approximately 0.2% of the company’s shares are sold short.

XChange TEC.INC. Stock Performance

Shares of NASDAQ XHG opened at $0.82 on Monday. The company’s 50 day simple moving average is $0.87 and its 200 day simple moving average is $1.01. XChange TEC.INC. has a fifty-two week low of $0.65 and a fifty-two week high of $22.60.

Wall Street Analyst Weigh In

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

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.