Short Interest in XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Decreases By 92.4%

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 641 shares, a drop of 92.4% from the July 15th total of 8,449 shares. Based on an average trading volume of 43,312 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XChange TEC.INC. in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

XChange TEC.INC. Price Performance

NASDAQ:XHG traded down $0.03 on Tuesday, reaching $0.93. 3,903 shares of the company’s stock traded hands, compared to its average volume of 24,847. The stock has a 50-day simple moving average of $0.96 and a 200-day simple moving average of $0.94. XChange TEC.INC. has a 12 month low of $0.65 and a 12 month high of $2.23.

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.