Cheche Group Inc. (NASDAQ:CCGWW) Sees Large Growth in Short Interest

Cheche Group Inc. (NASDAQ:CCGWW) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,929 shares, an increase of 111.6% from the April 30th total of 2,329 shares. Based on an average daily volume of 5,066 shares, the short-interest ratio is presently 1.0 days.

Cheche Group Stock Performance

Shares of CCGWW opened at $0.02 on Monday. Cheche Group has a 52-week low of $0.01 and a 52-week high of $0.05. The business’s fifty day moving average is $0.02 and its 200-day moving average is $0.02.

About Cheche Group

Cheche Group Inc operates an auto insurance technology platform. The company offers non-auto insurance products, such as non-auto P&C products, as well as non-auto insurance transaction services. Its digital insurance transaction products include Easy-Insur, an auto-insurance transaction platform; Sky Frontier, an AI-based business intelligence platform for auto insurance; Digital Surge, an intelligent cloud-based Saas solution for insurance intermediaries; and NEV Insurance solution. The company was founded in 2014 and is headquartered in Beijing, China.