Short Interest in XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Declines By 96.1%

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 37,380 shares, a decrease of 96.1% from the August 15th total of 951,444 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 128,778 shares, the days-to-cover ratio is currently 0.3 days.

XChange TEC.INC. Stock Performance

XChange TEC.INC. stock opened at $3.14 on Friday. XChange TEC.INC. has a 1 year low of $0.65 and a 1 year high of $7.23. The firm has a 50 day moving average price of $2.11 and a 200 day moving average price of $1.36.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XChange TEC.INC. in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

XChange TEC.INC. Company Profile

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.