XChange TEC.INC. Sponsored ADR (NASDAQ:XHG – Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 55,771 shares, a drop of 33.1% from the February 26th total of 83,426 shares. Based on an average trading volume of 17,267 shares, the short-interest ratio is currently 3.2 days. Approximately 0.1% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d)” rating on shares of XChange TEC.INC. in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.
Get Our Latest Analysis on XHG
XChange TEC.INC. Trading Up 4.9%
About XChange TEC.INC.
XChange TEC.INC engages in the professional insurance agency business in the People’s Republic of China. The company provides a various insurance products underwritten by insurance companies, including state-owned property and casualty insurance companies, as well as various regional property and casualty insurance companies. It also offers automobile, life, health, group accident, and other property related insurances primarily to individual end consumers. In addition, the company operates a SaaS platform to offer comprehensive services to online customers.
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