XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Short Interest Update

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 27,049 shares, a decline of 36.7% from the April 30th total of 42,750 shares. Based on an average daily volume of 4,209 shares, the short-interest ratio is currently 6.4 days. Currently, 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XChange TEC.INC. in a research report on Friday, May 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

XChange TEC.INC. Price Performance

Shares of XHG stock opened at $1.01 on Thursday. XChange TEC.INC. has a 1 year low of $0.65 and a 1 year high of $2.23. The firm has a fifty day moving average price of $0.99 and a 200-day moving average price of $0.93.

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.