XCHG Limited (NASDAQ:XCH) Short Interest Up 19.8% in March

XCHG Limited (NASDAQ:XCH) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 52,156 shares, an increase of 19.8% from the February 26th total of 43,551 shares. Based on an average daily volume of 93,280 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are short sold.

XCHG Trading Up 3.1%

XCH opened at $1.18 on Wednesday. The stock has a market cap of $70.33 million, a PE ratio of -14.79 and a beta of -1.15. XCHG has a 1 year low of $0.55 and a 1 year high of $2.50. The stock’s 50 day simple moving average is $1.16 and its 200-day simple moving average is $1.25.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on XCH. Zacks Research upgraded shares of XCHG to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of XCHG in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, XCHG has an average rating of “Reduce”.

About XCHG

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.