Short Interest in Wellchange Holdings Company Limited (NASDAQ:WCT) Declines By 24.8%

Wellchange Holdings Company Limited (NASDAQ:WCT) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 32,195 shares, a drop of 24.8% from the November 30th total of 42,795 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 129,940 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 129,940 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Wellchange Stock Performance

WCT stock opened at $0.16 on Thursday. The firm has a 50 day moving average of $0.23 and a 200-day moving average of $0.25. Wellchange has a 12 month low of $0.12 and a 12 month high of $3.75.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Wellchange in a research report on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Wellchange stock. Citadel Advisors LLC purchased a new position in Wellchange Holdings Company Limited (NASDAQ:WCT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned 0.19% of Wellchange as of its most recent filing with the Securities and Exchange Commission (SEC).

Wellchange Company Profile

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services. The company also operates MR. CLOUD, a cloud-based SaaS enterprise resource planning software platform based on subscription services to support back-office and front-office functions, such as finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management, professional services automation, project and file management, human resources management, e-commerce, and marketing automation.