XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Sees Significant Growth in Short Interest

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 83,426 shares, a growth of 18.9% from the February 12th total of 70,164 shares. Based on an average trading volume of 8,627 shares, the days-to-cover ratio is currently 9.7 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 8,627 shares, the days-to-cover ratio is currently 9.7 days.

XChange TEC.INC. Stock Up 2.9%

Shares of XChange TEC.INC. stock opened at $0.81 on Wednesday. XChange TEC.INC. has a 1-year low of $0.65 and a 1-year high of $22.60. The business’s fifty day moving average price is $0.87 and its two-hundred day moving average price is $1.00.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of XChange TEC.INC. in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About XChange TEC.INC.

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.