XCHG Limited (NASDAQ:XCH) Short Interest Up 15.7% in February

XCHG Limited (NASDAQ:XCH) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 43,551 shares, an increase of 15.7% from the February 12th total of 37,628 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 38,533 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 38,533 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of XCHG in a research report on Monday, December 29th. Zacks Research raised XCHG to a “hold” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

XCHG Trading Up 7.4%

XCH opened at $1.45 on Tuesday. XCHG has a 12 month low of $0.55 and a 12 month high of $2.50. The business’s 50-day moving average price is $1.13 and its 200-day moving average price is $1.25. The company has a market cap of $86.20 million, a P/E ratio of -18.13 and a beta of -1.16.

XCHG Company Profile

XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.