Wellchange Holdings Company Limited (NASDAQ:WCT) Sees Significant Drop in Short Interest

Wellchange Holdings Company Limited (NASDAQ:WCT) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 18,223 shares, a decrease of 76.9% from the December 31st total of 78,804 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 200,484 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 200,484 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Wellchange in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wellchange presently has a consensus rating of “Sell”.

Wellchange Trading Down 4.9%

Shares of WCT opened at $0.16 on Thursday. Wellchange has a 12-month low of $0.12 and a 12-month high of $3.75. The stock has a 50-day moving average price of $0.20 and a 200-day moving average price of $0.24.

Hedge Funds Weigh In On Wellchange

A hedge fund recently bought a new stake in Wellchange stock. Citadel Advisors LLC acquired a new stake in shares of Wellchange Holdings Company Limited (NASDAQ:WCT) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned approximately 0.19% of Wellchange as of its most recent filing with the SEC.

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.