Wellchange Holdings Company Limited (NASDAQ:WCT) Stock Short Interest Report for September

Wellchange Holdings Company Limited (NASDAQ:WCT) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 285,698 shares, an increase of 402.4% from the September 15th total of 56,867 shares. Based on an average daily volume of 1,230,377 shares, the short-interest ratio is presently 0.2 days. Currently, 49.3% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WCT. Wall Street Zen raised Wellchange to a “hold” rating in a research note on Saturday, October 3rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Wellchange in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.

Wellchange Trading Up 2.9%

Shares of WCT opened at $0.98 on Friday. Wellchange has a one year low of $0.86 and a one year high of $102.00. The stock has a 50 day moving average price of $5.35 and a 200 day moving average price of $7.55.

About Wellchange

Wellchange (NASDAQ: WCT), also known as Wellchange Holdings Company Limited, is an information technology services company. The company provides technology-related solutions intended to support organizations with their digital infrastructure and business operations.

Its services include IT consulting, systems integration, software and technology implementation, and ongoing technical support. Wellchange works with businesses seeking to deploy, manage, and maintain information technology systems, although publicly available information about its specific products and customer industries is limited.

Wellchange is listed on the Nasdaq Stock Market under the symbol WCT.