Short Interest in Zhibao Technology Inc. (NASDAQ:ZBAO) Declines By 81.9%

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 3,576 shares, a decline of 81.9% from the December 15th total of 19,777 shares. Based on an average daily trading volume, of 104,012 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 104,012 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

Zhibao Technology Trading Down 9.2%

Shares of Zhibao Technology stock traded down $0.10 on Monday, hitting $0.96. 104,605 shares of the company were exchanged, compared to its average volume of 126,773. The company has a 50-day moving average price of $0.96 and a 200 day moving average price of $1.00. Zhibao Technology has a 1-year low of $0.77 and a 1-year high of $2.14.

Zhibao Technology (NASDAQ:ZBAO) last announced its quarterly earnings data on Friday, January 9th. The company reported ($0.08) EPS for the quarter. The company had revenue of $9.30 million during the quarter. Analysts predict that Zhibao Technology will post 0.06 EPS for the current fiscal year.

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.