XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Short Interest Update

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 55,771 shares, a decrease of 33.1% from the February 26th total of 83,426 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 17,267 shares, the short-interest ratio is currently 3.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of XChange TEC.INC. in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, XChange TEC.INC. has a consensus rating of “Sell”.

XChange TEC.INC. Price Performance

NASDAQ:XHG opened at $0.96 on Friday. XChange TEC.INC. has a fifty-two week low of $0.65 and a fifty-two week high of $22.60. The company has a 50 day simple moving average of $0.88 and a two-hundred day simple moving average of $0.99.

About XChange TEC.INC.

XChange TEC.INC engages in the professional insurance agency business in the People’s Republic of China. The company provides a various insurance products underwritten by insurance companies, including state-owned property and casualty insurance companies, as well as various regional property and casualty insurance companies. It also offers automobile, life, health, group accident, and other property related insurances primarily to individual end consumers. In addition, the company operates a SaaS platform to offer comprehensive services to online customers.