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

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 47,382 shares, a decline of 55.5% from the February 26th total of 106,432 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 512,282 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Zhibao Technology Trading Down 5.0%

Shares of NASDAQ ZBAO opened at $0.76 on Friday. Zhibao Technology has a 52 week low of $0.64 and a 52 week high of $2.14. The business’s 50 day moving average price is $0.88 and its 200 day moving average price is $0.95.

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

About Zhibao Technology

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.