XCHG Limited (NASDAQ:XCH) Short Interest Up 722.0% in June

XCHG Limited (NASDAQ:XCH) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 124,675 shares, a growth of 722.0% from the June 15th total of 15,168 shares. Based on an average trading volume of 2,333,264 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

XCHG Stock Performance

NASDAQ XCH opened at $0.79 on Monday. The firm has a market capitalization of $57.31 million, a P/E ratio of -9.88 and a beta of -1.22. The firm’s fifty day moving average price is $0.73 and its two-hundred day moving average price is $0.99. XCHG has a 1 year low of $0.54 and a 1 year high of $2.50.

XCHG (NASDAQ:XCH) last released its quarterly earnings data on Monday, April 27th. The company reported ($0.18) earnings per share for the quarter. The firm had revenue of $6.32 million for the quarter. On average, research analysts anticipate that XCHG will post -0.15 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XCHG in a research report on Wednesday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

XCHG Company Profile

XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.