Cheche Group Inc. (NASDAQ:CCG) Short Interest Up 55.0% in January

Cheche Group Inc. (NASDAQ:CCG) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 237,527 shares, an increase of 55.0% from the January 15th total of 153,222 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 111,955 shares, the short-interest ratio is currently 2.1 days. Based on an average daily trading volume, of 111,955 shares, the short-interest ratio is currently 2.1 days. Approximately 0.4% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cheche Group in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cheche Group stock. Centiva Capital LP acquired a new stake in shares of Cheche Group Inc. (NASDAQ:CCG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,244 shares of the company’s stock, valued at approximately $27,000. Hedge funds and other institutional investors own 19.76% of the company’s stock.

Cheche Group Price Performance

Cheche Group stock traded up $0.00 during midday trading on Friday, hitting $0.80. The company’s stock had a trading volume of 60,807 shares, compared to its average volume of 101,534. Cheche Group has a 12 month low of $0.71 and a 12 month high of $1.54. The firm has a market capitalization of $52.03 million, a P/E ratio of -7.27 and a beta of 0.45. The business’s 50-day simple moving average is $0.85.

Cheche Group Company Profile

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.