Zhibao Technology Inc. (NASDAQ:ZBAO) Sees Significant Decline in Short Interest

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 7,400 shares, a decline of 67.1% from the August 31st total of 22,500 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 60,600 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 60,600 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Zhibao Technology Stock Performance

NASDAQ ZBAO opened at $1.06 on Thursday. Zhibao Technology has a 52 week low of $0.78 and a 52 week high of $4.27. The business has a 50 day moving average price of $1.02 and a 200-day moving average price of $1.06.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Zhibao Technology to a “hold” rating in a report on Saturday, June 14th.

Zhibao Technology Company Profile

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.