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 significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 30,200 shares, adeclineof50.8% from the July 15th total of 61,400 shares. Based on an average daily volume of 372,600 shares, the short-interest ratio is presently 0.1 days. Approximately3.0% of the company’s shares are sold short. Approximately3.0% of the company’s shares are sold short. Based on an average daily volume of 372,600 shares, the short-interest ratio is presently 0.1 days.

XChange TEC.INC. Stock Down 0.4%

Shares of XChange TEC.INC. stock opened at $1.26 on Tuesday. XChange TEC.INC. has a 12 month low of $1.15 and a 12 month high of $1,200.00. The business has a fifty day simple moving average of $1.32 and a 200 day simple moving average of $6.76.

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.