Wellchange Holdings Company Limited (NASDAQ:WCT) Short Interest Down 24.8% in December

Wellchange Holdings Company Limited (NASDAQ:WCT) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 32,195 shares, a decline of 24.8% from the November 30th total of 42,795 shares. Based on an average daily volume of 129,940 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 129,940 shares, the days-to-cover ratio is currently 0.2 days.

Wellchange Price Performance

Shares of NASDAQ:WCT opened at $0.18 on Wednesday. Wellchange has a 52 week low of $0.12 and a 52 week high of $3.75. The firm has a fifty day simple moving average of $0.24 and a two-hundred day simple moving average of $0.25.

Hedge Funds Weigh In On Wellchange

A hedge fund recently bought a new stake in Wellchange stock. Citadel Advisors LLC purchased a new position in Wellchange Holdings Company Limited (NASDAQ:WCT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned about 0.19% of Wellchange as of its most recent filing with the Securities and Exchange Commission.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wellchange in a research note on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Wellchange Company Profile

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services. The company also operates MR. CLOUD, a cloud-based SaaS enterprise resource planning software platform based on subscription services to support back-office and front-office functions, such as finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management, professional services automation, project and file management, human resources management, e-commerce, and marketing automation.