Short Interest in Wellchange Holdings Company Limited (NASDAQ:WCT) Rises By 20.6%

Wellchange Holdings Company Limited (NASDAQ:WCT) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,909 shares, an increase of 20.6% from the March 15th total of 3,242 shares. Based on an average daily volume of 4,512 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wellchange stock. Citadel Advisors LLC bought a new position in Wellchange Holdings Company Limited (NASDAQ:WCT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned approximately 0.19% of Wellchange at the end of the most recent reporting period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Wellchange in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wellchange has an average rating of “Sell”.

Wellchange Price Performance

Shares of NASDAQ:WCT opened at $2.48 on Friday. Wellchange has a fifty-two week low of $1.46 and a fifty-two week high of $25.00. The company’s 50-day moving average is $4.37 and its 200 day moving average is $9.16.

About Wellchange

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services. The company also operates MR. CLOUD, a cloud-based SaaS enterprise resource planning software platform based on subscription services to support back-office and front-office functions, such as finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management, professional services automation, project and file management, human resources management, e-commerce, and marketing automation.