Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Up 591.7% in January

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 24,735 shares, a growth of 591.7% from the December 31st total of 3,576 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 101,533 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 101,533 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Zhibao Technology Stock Performance

ZBAO traded up $0.00 during trading hours on Tuesday, hitting $0.93. 269,121 shares of the stock were exchanged, compared to its average volume of 82,455. The stock has a 50-day simple moving average of $0.96 and a 200-day simple moving average of $0.99. Zhibao Technology has a 12 month low of $0.77 and a 12 month high of $2.14.

Zhibao Technology (NASDAQ:ZBAO) last posted its quarterly earnings results on Friday, January 9th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $9.30 million for the quarter. Equities research analysts forecast that Zhibao Technology will post 0.06 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Zhibao Technology in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Zhibao Technology Company Profile

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.