Short Interest in XCHG Limited (NASDAQ:XCH) Grows By 19.8%

XCHG Limited (NASDAQ:XCH) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 52,156 shares, a growth of 19.8% from the February 26th total of 43,551 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 93,280 shares, the days-to-cover ratio is currently 0.6 days.

XCHG Stock Up 0.4%

Shares of NASDAQ XCH traded up $0.01 during mid-day trading on Tuesday, reaching $1.15. 3,678 shares of the company were exchanged, compared to its average volume of 43,470. XCHG has a 1 year low of $0.55 and a 1 year high of $2.50. The firm has a 50-day moving average of $1.16 and a 200 day moving average of $1.25. The stock has a market cap of $68.55 million, a price-to-earnings ratio of -13.51 and a beta of -1.16.

Analysts Set New Price Targets

Several research firms have recently weighed in on XCH. Zacks Research upgraded XCHG to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of XCHG in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

XCHG Company Profile

XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.