Zhibao Technology Inc. (NASDAQ:ZBAO) Sees Significant Increase in Short Interest

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 18,800 shares, an increase of 154.1% from the September 15th total of 7,400 shares. Based on an average daily volume of 50,900 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 50,900 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Zhibao Technology in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Zhibao Technology Stock Down 7.5%

NASDAQ:ZBAO opened at $0.97 on Monday. The stock has a 50-day simple moving average of $1.04 and a 200-day simple moving average of $1.04. Zhibao Technology has a 1 year low of $0.78 and a 1 year high of $4.27.

Zhibao Technology Company Profile

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.