Wellchange Holdings Company Limited (NASDAQ:WCT) Sees Large Increase in Short Interest

Wellchange Holdings Company Limited (NASDAQ:WCT) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 78,804 shares, an increase of 144.8% from the December 15th total of 32,195 shares. Based on an average daily trading volume, of 253,013 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 253,013 shares, the days-to-cover ratio is currently 0.3 days.

Wellchange Trading Up 0.5%

Shares of WCT traded up $0.00 during midday trading on Friday, hitting $0.17. The company’s stock had a trading volume of 51,842 shares, compared to its average volume of 184,824. Wellchange has a one year low of $0.12 and a one year high of $3.75. The company’s fifty day simple moving average is $0.21 and its two-hundred day simple moving average is $0.24.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wellchange in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Wellchange

A hedge fund recently bought a new stake in Wellchange stock. Citadel Advisors LLC bought a new stake in Wellchange Holdings Company Limited (NASDAQ:WCT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned about 0.19% of Wellchange at the end of the most recent reporting period.

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.