XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Sees Significant Growth in Short Interest

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 373,800 shares, a growth of 1,002.7% from the August 31st total of 33,900 shares. Based on an average daily volume of 746,000 shares, the short-interest ratio is presently 0.5 days. Currently, 37.5% of the company’s shares are sold short. Currently, 37.5% of the company’s shares are sold short. Based on an average daily volume of 746,000 shares, the short-interest ratio is presently 0.5 days.

XChange TEC.INC. Price Performance

XChange TEC.INC. stock opened at $1.24 on Thursday. The firm has a 50 day simple moving average of $1.29 and a 200-day simple moving average of $3.42. XChange TEC.INC. has a 1-year low of $0.81 and a 1-year high of $156.00.

About XChange TEC.INC.

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.