Wellchange Holdings Company Limited (NASDAQ:WCT) Short Interest Update

Wellchange Holdings Company Limited (NASDAQ:WCT) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 4,232 shares, a decrease of 83.8% from the January 29th total of 26,068 shares. Based on an average daily volume of 821,451 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 821,451 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Wellchange in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Wellchange

An institutional investor recently bought a new position in Wellchange stock. Citadel Advisors LLC purchased a new stake in Wellchange Holdings Company Limited (NASDAQ:WCT) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned approximately 0.19% of Wellchange as of its most recent filing with the Securities & Exchange Commission.

Wellchange Stock Performance

NASDAQ:WCT traded up $0.00 during mid-day trading on Wednesday, hitting $0.13. 83,552 shares of the stock were exchanged, compared to its average volume of 494,935. The firm’s 50-day simple moving average is $0.16 and its 200 day simple moving average is $0.23. Wellchange has a fifty-two week low of $0.12 and a fifty-two week high of $3.75.

About Wellchange

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services. The company also operates MR. CLOUD, a cloud-based SaaS enterprise resource planning software platform based on subscription services to support back-office and front-office functions, such as finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management, professional services automation, project and file management, human resources management, e-commerce, and marketing automation.