Cheche Group Inc. (NASDAQ:CCG) Short Interest Down 80.8% in September

Cheche Group Inc. (NASDAQ:CCG) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 58,100 shares, a drop of 80.8% from the September 15th total of 302,600 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 393,600 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 393,600 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the shares of the company are sold short.

Cheche Group Price Performance

Shares of NASDAQ:CCG opened at $0.97 on Friday. Cheche Group has a 12-month low of $0.71 and a 12-month high of $1.54. The company has a market capitalization of $63.13 million, a price-to-earnings ratio of -8.82 and a beta of 0.44.

Analyst Ratings Changes

A number of brokerages recently issued reports on CCG. Weiss Ratings restated a “sell (e+)” rating on shares of Cheche Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded Cheche Group to a “hold” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Cheche Group has an average rating of “Sell”.

Cheche Group Company Profile

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.