Cheche Group Inc. (NASDAQ:CCG) Short Interest Update

Cheche Group Inc. (NASDAQ:CCG) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 4,176 shares, a decline of 96.9% from the July 15th total of 136,731 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 13,746 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Cheche Group

A hedge fund recently bought a new stake in Cheche Group stock. Centiva Capital LP acquired a new position in shares of Cheche Group Inc. (NASDAQ:CCG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,244 shares of the company’s stock, valued at approximately $27,000. 19.76% of the stock is owned by hedge funds and other institutional investors.

Cheche Group Price Performance

Shares of NASDAQ:CCG traded up $0.07 on Thursday, hitting $13.55. The stock had a trading volume of 24,155 shares, compared to its average volume of 5,307. Cheche Group has a twelve month low of $10.20 and a twelve month high of $53.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.23 and a current ratio of 1.23. The firm’s 50 day moving average price is $14.85 and its 200-day moving average price is $22.03. The company has a market capitalization of $26.84 million, a price-to-earnings ratio of -4.84 and a beta of 0.18.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cheche Group in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

About Cheche Group

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.