XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Short Interest Down 36.7% in May

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 27,049 shares, a drop of 36.7% from the April 30th total of 42,750 shares. Based on an average trading volume of 4,209 shares, the days-to-cover ratio is currently 6.4 days. Approximately 0.1% of the company’s shares are short sold.

XChange TEC.INC. Stock Performance

Shares of XChange TEC.INC. stock opened at $1.03 on Wednesday. The business has a 50-day moving average of $0.99 and a two-hundred day moving average of $0.93. XChange TEC.INC. has a 1 year low of $0.65 and a 1 year high of $2.23.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XChange TEC.INC. in a research report on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, XChange TEC.INC. presently has an average rating of “Sell”.

XChange TEC.INC. Company Profile

XChange TEC.INC engages in the professional insurance agency business in the People’s Republic of China. The company provides a various insurance products underwritten by insurance companies, including state-owned property and casualty insurance companies, as well as various regional property and casualty insurance companies. It also offers automobile, life, health, group accident, and other property related insurances primarily to individual end consumers. In addition, the company operates a SaaS platform to offer comprehensive services to online customers.