XCHG Limited (NASDAQ:XCH) Sees Significant Increase in Short Interest

XCHG Limited (NASDAQ:XCH – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 9,580 shares, a growth of 109.4% from the September 15th total of 4,575 shares. Based on an average daily trading volume, of 15,347 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XCHG in a report on Friday, October 2nd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

View Our Latest Stock Report on XCHG

XCHG Trading Down 11.3%

XCHG stock traded down $0.27 during trading on Tuesday, hitting $2.08. 14,346 shares of the company were exchanged, compared to its average volume of 23,123. The company has a market capitalization of $8.47 million, a P/E ratio of -1.30 and a beta of -1.22. The business’s 50 day moving average is $409.12 and its 200 day moving average is $4,317.97. XCHG has a 52 week low of $1.55 and a 52 week high of $43.20.

XCHG (NASDAQ:XCH – Get Free Report) last issued its quarterly earnings data on Saturday, September 19th. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $5.14 million during the quarter. Equities analysts expect that XCHG will post -2.63 EPS for the current year.

About XCHG

(Get Free Report)

XCHG Limited, operating under the XCharge brand, is an electric vehicle (EV) charging technology company. It develops and supplies high-power direct-current fast-charging systems designed for commercial and passenger EV applications.

The company’s product portfolio includes fast-charging hardware, integrated energy storage and charging systems, and software for managing charging networks. Its solutions are intended to help charging operators, fleet owners, automakers, dealerships and other commercial customers deploy and operate EV charging infrastructure.

Founded in 2015, XCHG serves customers in multiple international markets, including Europe, Asia and North America.

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