Cheche Group Inc. (NASDAQ:CCG) Short Interest Down 43.9% in February

Cheche Group Inc. (NASDAQ:CCGGet 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:CCGFree 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”.

Get Our Latest Analysis on CCG

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

(Get Free Report)

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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