Short Interest in Wellchange Holdings Company Limited (NASDAQ:WCT) Expands By 160.1%

Wellchange Holdings Company Limited (NASDAQ:WCT) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 619,557 shares, an increase of 160.1% from the August 15th total of 238,191 shares. Based on an average daily volume of 2,148,878 shares, the short-interest ratio is presently 0.3 days. Approximately 106.8% of the company’s shares are sold short.

Institutional Investors Weigh In On Wellchange

An institutional investor recently bought a new position in Wellchange stock. Citadel Advisors LLC acquired a new stake in Wellchange Holdings Company Limited (NASDAQ:WCT) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned approximately 0.19% of Wellchange at the end of the most recent quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Wellchange in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Wellchange Stock Performance

Shares of WCT opened at $7.15 on Friday. The firm’s 50-day simple moving average is $5.17 and its two-hundred day simple moving average is $10.11. Wellchange has a fifty-two week low of $1.90 and a fifty-two week high of $125.00.

Wellchange (NASDAQ:WCT) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($3.08) earnings per share (EPS) for the quarter. The business had revenue of $0.08 million during the quarter.

Wellchange Company Profile

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services. The company also operates MR. CLOUD, a cloud-based SaaS enterprise resource planning software platform based on subscription services to support back-office and front-office functions, such as finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management, professional services automation, project and file management, human resources management, e-commerce, and marketing automation.