XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Sees Significant Drop in Short Interest

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 55,771 shares, a decrease of 33.1% from the February 26th total of 83,426 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 17,267 shares, the days-to-cover ratio is currently 3.2 days.

XChange TEC.INC. Stock Performance

XChange TEC.INC. stock opened at $0.96 on Friday. XChange TEC.INC. has a 1 year low of $0.65 and a 1 year high of $22.60. The firm’s 50-day moving average is $0.88 and its 200-day moving average is $0.99.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of XChange TEC.INC. in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, XChange TEC.INC. currently has an average rating of “Sell”.

XChange TEC.INC. Company Profile

XChange TEC.INC engages in the professional insurance agency business in the People’s Republic of China. The company provides a various insurance products underwritten by insurance companies, including state-owned property and casualty insurance companies, as well as various regional property and casualty insurance companies. It also offers automobile, life, health, group accident, and other property related insurances primarily to individual end consumers. In addition, the company operates a SaaS platform to offer comprehensive services to online customers.