Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Update

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 24,735 shares, a growth of 591.7% from the December 31st total of 3,576 shares. Based on an average trading volume of 101,533 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 101,533 shares, the days-to-cover ratio is currently 0.2 days.

Zhibao Technology Trading Down 1.5%

NASDAQ:ZBAO opened at $0.91 on Thursday. The stock has a fifty day simple moving average of $0.96 and a 200 day simple moving average of $0.99. Zhibao Technology has a 1-year low of $0.77 and a 1-year high of $2.14.

Zhibao Technology (NASDAQ:ZBAO) last posted its quarterly earnings data on Friday, January 9th. The company reported ($0.08) EPS for the quarter. The business had revenue of $9.30 million for the quarter. Sell-side analysts anticipate that Zhibao Technology will post 0.06 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Zhibao Technology in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Zhibao Technology has a consensus rating of “Sell”.

About Zhibao Technology

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.