XCHG Limited (NASDAQ:XCH) Stock Short Interest Rises 212.7%

XCHG Limited (NASDAQ:XCH) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 29,959 shares, a growth of 212.7% from the September 30th total of 9,580 shares. Based on an average daily volume of 214,232 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.7% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XCHG in a report on Friday, October 2nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

XCHG Stock Up 25.1%

Shares of XCHG stock opened at $2.44 on Thursday. The firm has a market cap of $9.96 million, a price-to-earnings ratio of -1.52 and a beta of -1.22. XCHG has a 52-week low of $1.26 and a 52-week high of $35.80. The company’s 50-day simple moving average is $3.10 and its 200-day simple moving average is $5,288.75.

XCHG (NASDAQ:XCH) last announced its quarterly earnings data on Saturday, September 19th. The company reported ($0.08) EPS for the quarter. The company had revenue of $5.14 million for the quarter. Equities research analysts anticipate that XCHG will post -2.63 EPS for the current year.

XCHG Company Profile

XCHG Limited is an electric vehicle charging technology company that develops and provides charging infrastructure and related software solutions. Its offerings are designed to support electric vehicle charging operators, commercial fleets, automakers, businesses and other customers seeking to deploy and manage charging networks.

The company’s products and services include direct-current fast-charging equipment, charging management software, energy management capabilities and related operational and maintenance services.