Wellchange Holdings Company Limited (NASDAQ:WCT) Short Interest Up 43.0% in January

Wellchange Holdings Company Limited (NASDAQ:WCT) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 26,068 shares, a growth of 43.0% from the January 15th total of 18,223 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 219,367 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 219,367 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of Wellchange

A hedge fund recently bought a new stake in Wellchange stock. Citadel Advisors LLC acquired a new stake in Wellchange Holdings Company Limited (NASDAQ:WCT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned 0.19% of Wellchange as of its most recent filing with the Securities and Exchange Commission (SEC).

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wellchange in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wellchange presently has a consensus rating of “Sell”.

Wellchange Stock Down 2.4%

Wellchange stock opened at $0.14 on Friday. The firm’s fifty day moving average is $0.18 and its 200 day moving average is $0.23. Wellchange has a 52-week low of $0.12 and a 52-week high of $3.75.

Wellchange Company Profile

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.