Cheche Group Inc. (NASDAQ:CCG) Short Interest Update

Cheche Group Inc. (NASDAQ:CCG) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 105,069 shares, a decline of 21.1% from the February 12th total of 133,207 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 60,906 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 60,906 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Cheche Group

An institutional investor recently bought a new position in Cheche Group stock. Centiva Capital LP acquired a new stake in Cheche Group Inc. (NASDAQ:CCG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 21,244 shares of the company’s stock, valued at approximately $27,000. Hedge funds and other institutional investors own 19.76% of the company’s stock.

Cheche Group Stock Performance

Shares of CCG stock opened at $0.77 on Monday. Cheche Group has a 12 month low of $0.71 and a 12 month high of $1.54. The stock has a fifty day simple moving average of $0.81. The company has a market capitalization of $50.33 million, a price-to-earnings ratio of -7.03 and a beta of 0.44.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cheche Group in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Cheche Group Company Profile

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.