XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Stock Short Interest Drops 63.6%

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 13,616 shares, a decrease of 63.6% from the August 31st total of 37,380 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 13,822 shares, the days-to-cover ratio is currently 1.0 days.

XChange TEC.INC. Stock Performance

Shares of XChange TEC.INC. stock traded down $0.12 during trading on Tuesday, reaching $2.15. The company had a trading volume of 1,709 shares, compared to its average volume of 516,369. XChange TEC.INC. has a fifty-two week low of $0.65 and a fifty-two week high of $7.23. The firm’s fifty day moving average is $2.50 and its 200-day moving average is $1.50.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XChange TEC.INC. in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

XChange TEC.INC. Company Profile

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.