Short Interest in Zhibao Technology Inc. (NASDAQ:ZBAO) Declines By 55.5%

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 47,382 shares, a decrease of 55.5% from the February 26th total of 106,432 shares. Based on an average trading volume of 512,282 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, Zhibao Technology currently has an average rating of “Sell”.

Zhibao Technology Price Performance

NASDAQ ZBAO opened at $0.80 on Thursday. The business has a fifty day simple moving average of $0.89 and a 200 day simple moving average of $0.96. Zhibao Technology has a 12 month low of $0.64 and a 12 month high of $2.14.

Zhibao Technology (NASDAQ:ZBAO) last posted 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. On average, analysts anticipate that Zhibao Technology will post 0.06 earnings per share for the current year.

Zhibao Technology Company Profile

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.