XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Sees Large Drop in Short Interest

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 8,449 shares, a decrease of 55.3% from the June 30th total of 18,921 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 5,824 shares, the days-to-cover ratio is currently 1.5 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of XChange TEC.INC. in a research note on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, XChange TEC.INC. currently has a consensus rating of “Sell”.

XChange TEC.INC. Stock Down 1.0%

Shares of NASDAQ XHG opened at $0.97 on Tuesday. XChange TEC.INC. has a 1-year low of $0.65 and a 1-year high of $2.23. The business’s fifty day moving average price is $0.96 and its two-hundred day moving average price is $0.93.

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. 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.