Short Interest in Wellchange Holdings Company Limited (NASDAQ:WCT) Grows By 43.0%

Wellchange Holdings Company Limited (NASDAQ:WCT) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 26,068 shares, an increase of 43.0% from the January 15th total of 18,223 shares. Based on an average trading volume of 219,367 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 219,367 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

Wellchange Stock Down 2.4%

Wellchange stock opened at $0.14 on Tuesday. The stock has a 50-day moving average price of $0.17 and a 200 day moving average price of $0.23. Wellchange has a 52 week low of $0.12 and a 52 week high of $3.75.

Institutional Inflows and Outflows

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

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.