Short Interest in XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Increases By 148,331.2%

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 951,444 shares, an increase of 148,331.2% from the July 30th total of 641 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 8,594,020 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of XChange TEC.INC. in a report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

XChange TEC.INC. Stock Performance

XChange TEC.INC. stock traded down $0.12 during trading hours on Tuesday, reaching $3.98. The stock had a trading volume of 50,584 shares, compared to its average volume of 592,981. The business’s 50 day moving average price is $1.46 and its 200-day moving average price is $1.13. XChange TEC.INC. has a 52 week low of $0.65 and a 52 week high of $7.23.

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.