Wellchange Holdings Company Limited (NASDAQ:WCT – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 18,572 shares, a decline of 75.6% from the October 15th total of 76,138 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average trading volume of 144,589 shares, the days-to-cover ratio is presently 0.1 days.
Analyst Ratings Changes
WCT has been the subject of several research reports. Wall Street Zen raised Wellchange from a “sell” rating to a “hold” rating in a report on Monday, October 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wellchange in a report on Tuesday, August 18th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Wellchange has an average rating of “Sell”.
Read Our Latest Stock Report on Wellchange
Wellchange Price Performance
NASDAQ WCT opened at $3.84 on Thursday. Wellchange has a 12-month low of $1.96 and a 12-month high of $675.00. The firm has a 50-day moving average price of $33.11 and a two-hundred day moving average price of $109.39.
Wellchange (NASDAQ:WCT – Get Free Report) last issued its quarterly earnings results on Tuesday, November 10th. The company reported ($3.23) EPS for the quarter. The company had revenue of $0.33 million during the quarter.
About Wellchange
Wellchange Holdings Company Limited (NASDAQ: WCT) is an information technology services company that provides IT solutions to businesses. Its activities include technology consulting, system development and implementation, software-related services, and the provision of IT professionals for client projects. The company serves organizations seeking support with digital transformation, application development, systems integration, and ongoing technology operations. Wellchange operates through subsidiaries and focuses primarily on the Japanese market, although publicly available information about its geographic reach and business lines is limited.
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