Cheche Group Inc. (NASDAQ:CCG – Get Free Report) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 133,207 shares, a decline of 43.9% from the January 29th total of 237,527 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 95,513 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 95,513 shares, the short-interest ratio is currently 1.4 days. Approximately 0.2% of the company’s stock are sold short.
Institutional Investors Weigh In On Cheche Group
A hedge fund recently bought a new stake in Cheche Group stock. Centiva Capital LP bought a new stake in Cheche Group Inc. (NASDAQ:CCG – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,244 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds own 19.76% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cheche Group in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Cheche Group presently has an average rating of “Sell”.
Cheche Group Stock Performance
Shares of Cheche Group stock opened at $0.80 on Friday. The firm has a fifty day moving average of $0.82. The firm has a market cap of $51.93 million, a PE ratio of -7.26 and a beta of 0.45. Cheche Group has a 12-month low of $0.71 and a 12-month high of $1.54.
About Cheche Group
Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.
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