Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Down 44.7% in August

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 484,060 shares, a drop of 44.7% from the August 15th total of 875,931 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average trading volume of 4,142,928 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zhibao Technology in a report on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Zhibao Technology presently has a consensus rating of “Sell”.

Zhibao Technology Price Performance

ZBAO traded down $0.01 during midday trading on Tuesday, hitting $0.10. 936,947 shares of the company were exchanged, compared to its average volume of 9,914,188. The company’s 50 day simple moving average is $0.21 and its 200 day simple moving average is $0.56. Zhibao Technology has a 1-year low of $0.09 and a 1-year high of $1.34.

About Zhibao Technology

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.