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

Wellchange Holdings Company Limited (NASDAQ:WCT) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 18,223 shares, a decrease of 76.9% from the December 31st total of 78,804 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 200,484 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 200,484 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Wellchange in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Wellchange

An institutional investor recently bought a new position in Wellchange stock. Citadel Advisors LLC purchased a new stake in Wellchange Holdings Company Limited (NASDAQ:WCT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned approximately 0.19% of Wellchange as of its most recent filing with the SEC.

Wellchange Trading Up 8.0%

Shares of NASDAQ:WCT opened at $0.16 on Wednesday. Wellchange has a 1 year low of $0.12 and a 1 year high of $3.75. The business has a fifty day simple moving average of $0.20 and a 200 day simple moving average of $0.24.

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.