Short Interest in Wellchange Holdings Company Limited (NASDAQ:WCT) Expands By 183.5%

Wellchange Holdings Company Limited (NASDAQ:WCT) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 11,997 shares, an increase of 183.5% from the February 12th total of 4,232 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 116,780 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 116,780 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position 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 Form 13F filing with the 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 as of its most recent filing with the SEC.

Wellchange Trading Down 1.0%

Shares of NASDAQ WCT opened at $4.04 on Wednesday. Wellchange has a 1 year low of $3.03 and a 1 year high of $129.50. The company’s 50-day moving average is $7.15 and its 200 day moving average is $11.14.

Analyst Ratings Changes

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

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.