XChange TEC.INC. Sponsored ADR (NASDAQ:XHG – Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 55,181 shares, a growth of 305.3% from the September 15th total of 13,616 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 7,921 shares, the short-interest ratio is presently 7.0 days.
XChange TEC.INC. Stock Performance
Shares of XHG traded down $0.02 during midday trading on Friday, hitting $2.28. The stock had a trading volume of 116,440 shares, compared to its average volume of 2,932,216. XChange TEC.INC. has a fifty-two week low of $0.65 and a fifty-two week high of $7.23. The business has a 50-day simple moving average of $2.70 and a two-hundred day simple moving average of $1.58.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded XChange TEC.INC. from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, XChange TEC.INC. presently has a consensus rating of “Sell”.
XChange TEC.INC. Company Profile
XChange TEC.INC (NASDAQ:XHG) is a China-focused financial services and technology company. Through its operating subsidiaries, the company provides insurance-related services, including the distribution and brokerage of insurance products to customers in the People’s Republic of China.
The company’s activities are centered on using technology and digital channels to support the marketing, distribution and servicing of insurance products. Its offerings have included coverage in areas such as property and casualty insurance, life insurance, health insurance and other personal insurance categories, although the precise product mix may change over time.
XChange TEC.INC is organized as a Cayman Islands holding company, with its primary business operations conducted through subsidiaries in China.
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