Short Interest in Zhibao Technology Inc. (NASDAQ:ZBAO) Decreases By 45.5%

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a significant decline in short interest in February. As of February 13th, there was short interest totaling 42,527 shares, a decline of 45.5% from the January 29th total of 78,067 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 136,039 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 136,039 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Zhibao Technology Stock Down 3.2%

ZBAO opened at $0.67 on Friday. The business’s fifty day simple moving average is $0.88 and its 200 day simple moving average is $0.97. Zhibao Technology has a 52 week low of $0.64 and a 52 week high of $2.14.

Zhibao Technology (NASDAQ:ZBAO) last released its earnings results on Friday, January 9th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $9.30 million for the quarter. On average, equities analysts expect that Zhibao Technology will post 0.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Zhibao Technology in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Zhibao Technology Company Profile

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.