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

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 875,931 shares, a growth of 74.0% from the July 30th total of 503,416 shares. Approximately 2.7% of the company’s stock are sold short. Based on an average daily volume of 29,613,272 shares, the days-to-cover ratio is presently 0.0 days.

Zhibao Technology Trading Down 4.2%

NASDAQ:ZBAO traded down $0.01 during mid-day trading on Monday, reaching $0.16. 343,152 shares of the stock were exchanged, compared to its average volume of 10,380,925. The company has a 50 day simple moving average of $0.28 and a 200-day simple moving average of $0.61. Zhibao Technology has a 1 year low of $0.15 and a 1 year high of $1.34.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zhibao Technology in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

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.