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

Cheche Group Inc. (NASDAQ:CCG) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 237,527 shares, an increase of 55.0% from the January 15th total of 153,222 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 111,955 shares, the short-interest ratio is presently 2.1 days. Based on an average daily trading volume, of 111,955 shares, the short-interest ratio is presently 2.1 days. Approximately 0.4% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cheche Group in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cheche Group stock. Centiva Capital LP bought a new position in shares of Cheche Group Inc. (NASDAQ:CCG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,244 shares of the company’s stock, valued at approximately $27,000. 19.76% of the stock is currently owned by hedge funds and other institutional investors.

Cheche Group Trading Up 0.3%

Shares of CCG stock traded up $0.00 during trading hours on Friday, reaching $0.80. The company had a trading volume of 60,807 shares, compared to its average volume of 101,534. The company has a market capitalization of $52.03 million, a P/E ratio of -7.27 and a beta of 0.45. Cheche Group has a 12 month low of $0.71 and a 12 month high of $1.54. The firm has a fifty day moving average of $0.85.

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.