Cheche Group Inc. (NASDAQ:CCG – Get Free Report) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 105,069 shares, a decline of 21.1% from the February 12th total of 133,207 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 60,906 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily trading volume, of 60,906 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.2% of the shares of the stock are sold short.
Cheche Group Price Performance
Shares of CCG opened at $0.77 on Friday. The stock’s 50-day moving average is $0.81. Cheche Group has a 12 month low of $0.71 and a 12 month high of $1.54. The firm has a market cap of $50.33 million, a P/E ratio of -7.03 and a beta of 0.44.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cheche Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
Institutional Trading of Cheche Group
An institutional investor recently bought a new position in Cheche Group stock. XTX Topco Ltd purchased a new position in shares of Cheche Group Inc. (NASDAQ:CCG – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 36,369 shares of the company’s stock, valued at approximately $30,000. XTX Topco Ltd owned about 0.06% of Cheche Group as of its most recent filing with the SEC. 19.76% of the stock is owned by hedge funds and other institutional investors.
Cheche Group Company Profile
Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.
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