Wellchange Holdings Company Limited (NASDAQ:WCT) Short Interest Update

Wellchange Holdings Company Limited (NASDAQ:WCT) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 3,242 shares, a drop of 73.0% from the February 26th total of 11,997 shares. Based on an average daily volume of 20,617 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Wellchange Stock Up 1.5%

Wellchange stock opened at $2.78 on Friday. Wellchange has a 12 month low of $2.39 and a 12 month high of $25.00. The company has a fifty day moving average price of $5.89 and a two-hundred day moving average price of $10.54.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

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

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.