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

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 641 shares, a decrease of 92.4% from the July 15th total of 8,449 shares. Based on an average daily trading volume, of 43,312 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

XChange TEC.INC. Stock Performance

NASDAQ XHG opened at $0.93 on Wednesday. XChange TEC.INC. has a fifty-two week low of $0.65 and a fifty-two week high of $2.23. The stock’s 50-day moving average is $0.95 and its two-hundred day moving average is $0.94.

Wall Street Analyst Weigh In

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

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.