XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Short Interest Update

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 37,380 shares, a drop of 96.1% from the August 15th total of 951,444 shares. Based on an average daily trading volume, of 128,778 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of XChange TEC.INC. in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, XChange TEC.INC. currently has an average rating of “Sell”.

XChange TEC.INC. Trading Down 3.7%

NASDAQ:XHG traded down $0.12 during trading hours on Thursday, reaching $3.14. The company had a trading volume of 5,182 shares, compared to its average volume of 4,483,443. The firm’s 50 day moving average price is $2.07 and its 200-day moving average price is $1.35. XChange TEC.INC. has a 52 week low of $0.65 and a 52 week high of $7.23.

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.