Short Interest in Zhibao Technology Inc. (NASDAQ:ZBAO) Rises By 150.3%

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 106,432 shares, a growth of 150.3% from the February 12th total of 42,527 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 113,749 shares, the short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 113,749 shares, the short-interest ratio is presently 0.9 days. Currently, 0.3% of the company’s shares are sold short.

Zhibao Technology Trading Down 12.7%

Shares of NASDAQ:ZBAO opened at $0.87 on Friday. The company has a 50 day moving average of $0.91 and a 200-day moving average of $0.97. Zhibao Technology has a one year low of $0.64 and a one year high of $2.14.

Zhibao Technology (NASDAQ:ZBAO) last announced its quarterly earnings data on Friday, January 9th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $9.30 million for the quarter. Research analysts forecast that Zhibao Technology will post 0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Zhibao Technology in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

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.