XCHG Limited (NASDAQ:XCH) Sees Significant Growth in Short Interest

XCHG Limited (NASDAQ:XCH) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 43,551 shares, a growth of 15.7% from the February 12th total of 37,628 shares. Based on an average daily trading volume, of 38,533 shares, the short-interest ratio is presently 1.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 38,533 shares, the short-interest ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

XCH has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of XCHG in a research note on Monday, December 29th. Zacks Research upgraded shares of XCHG to a “hold” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

XCHG Trading Down 2.8%

Shares of XCHG stock opened at $1.41 on Wednesday. The firm has a market cap of $83.82 million, a PE ratio of -17.63 and a beta of -1.15. The stock has a 50 day moving average of $1.13 and a 200 day moving average of $1.25. XCHG has a 12 month low of $0.55 and a 12 month high of $2.50.

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.