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

Wellchange Holdings Company Limited (NASDAQ:WCT) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 78,804 shares, a growth of 144.8% from the December 15th total of 32,195 shares. Based on an average trading volume of 253,013 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 253,013 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Wellchange

An institutional investor recently bought a new position in Wellchange stock. Citadel Advisors LLC purchased a new stake in shares of Wellchange Holdings Company Limited (NASDAQ:WCT) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned about 0.19% of Wellchange at the end of the most recent quarter.

Wellchange Stock Performance

Shares of NASDAQ WCT opened at $0.16 on Thursday. The stock’s 50 day moving average price is $0.22 and its 200-day moving average price is $0.24. Wellchange has a twelve month low of $0.12 and a twelve month high of $3.75.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Wellchange in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.