Wellchange Holdings Company Limited (NASDAQ:WCT) Sees Significant Growth in Short Interest

Wellchange Holdings Company Limited (NASDAQ:WCT) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 11,997 shares, a growth of 183.5% from the February 12th total of 4,232 shares. Based on an average trading volume of 116,780 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 116,780 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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).

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wellchange in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Wellchange Price Performance

Shares of Wellchange stock opened at $3.76 on Thursday. The company’s 50-day moving average price is $7.07 and its 200-day moving average price is $11.09. Wellchange has a 12-month low of $3.03 and a 12-month high of $30.00.

About Wellchange

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.