Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Up 99.0% in July

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 894,689 shares, an increase of 99.0% from the June 30th total of 449,608 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average trading volume of 40,279,569 shares, the days-to-cover ratio is currently 0.0 days.

Zhibao Technology Stock Down 4.5%

NASDAQ:ZBAO traded down $0.01 during midday trading on Wednesday, hitting $0.16. The company had a trading volume of 1,499,106 shares, compared to its average volume of 6,903,066. Zhibao Technology has a 52-week low of $0.15 and a 52-week high of $1.34. The stock’s fifty day moving average price is $0.54 and its 200-day moving average price is $0.73.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zhibao Technology in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

About Zhibao Technology

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.