XCHG Limited (NASDAQ:XCH) Short Interest Up 27.0% in December

XCHG Limited (NASDAQ:XCH) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 46,176 shares, a growth of 27.0% from the November 30th total of 36,357 shares. Based on an average daily volume of 83,442 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 83,442 shares, the days-to-cover ratio is presently 0.6 days.

XCHG Price Performance

NASDAQ XCH opened at $1.11 on Thursday. The business has a 50 day simple moving average of $1.28 and a 200 day simple moving average of $1.31. XCHG has a one year low of $0.55 and a one year high of $2.50. The stock has a market capitalization of $65.99 million, a P/E ratio of -13.88 and a beta of -0.78.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XCHG in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, XCHG currently has an average rating of “Sell”.

About XCHG

XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.