Cheche Group Inc. (NASDAQ:CCGWW) Sees Significant Increase in Short Interest

Cheche Group Inc. (NASDAQ:CCGWW) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 4,929 shares, a growth of 111.6% from the April 30th total of 2,329 shares. Based on an average daily trading volume, of 5,066 shares, the short-interest ratio is currently 1.0 days.

Cheche Group Stock Performance

Shares of NASDAQ:CCGWW remained flat at $0.02 during trading on Tuesday. The stock had a trading volume of 30,900 shares, compared to its average volume of 9,769. The stock has a 50 day simple moving average of $0.02 and a two-hundred day simple moving average of $0.02. Cheche Group has a 52 week low of $0.01 and a 52 week high of $0.05.

Cheche Group Company Profile

Cheche Group Inc operates an auto insurance technology platform. The company offers non-auto insurance products, such as non-auto P&C products, as well as non-auto insurance transaction services. Its digital insurance transaction products include Easy-Insur, an auto-insurance transaction platform; Sky Frontier, an AI-based business intelligence platform for auto insurance; Digital Surge, an intelligent cloud-based Saas solution for insurance intermediaries; and NEV Insurance solution. The company was founded in 2014 and is headquartered in Beijing, China.