Short Interest in Wellchange Holdings Company Limited (NASDAQ:WCT) Drops By 73.0%

Wellchange Holdings Company Limited (NASDAQ:WCT) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 3,242 shares, a decline of 73.0% from the February 26th total of 11,997 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 20,617 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 20,617 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Wellchange Price Performance

Shares of NASDAQ:WCT opened at $2.76 on Wednesday. The company’s 50-day moving average price is $6.11 and its two-hundred day moving average price is $10.65. Wellchange has a one year low of $2.39 and a one year high of $25.00.

Institutional Trading of Wellchange

An institutional investor recently bought a new position in Wellchange stock. Citadel Advisors LLC purchased a new stake in shares of Wellchange Holdings Company Limited (NASDAQ:WCT) in the 3rd quarter, according to its most recent Form 13F filing 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).

Analyst Ratings Changes

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

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.