XCHG Limited (NASDAQ:XCH) Short Interest Update

XCHG Limited (NASDAQ:XCH) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 46,176 shares, a growth of 27.0% from the November 30th total of 36,357 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 83,442 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 83,442 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of XCHG in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, XCHG has a consensus rating of “Sell”.

XCHG Price Performance

Shares of XCHG stock opened at $1.11 on Friday. The stock has a market cap of $65.99 million, a PE ratio of -13.88 and a beta of -0.86. XCHG has a 12 month low of $0.55 and a 12 month high of $2.50. The business has a fifty day simple moving average of $1.26 and a 200-day simple moving average of $1.31.

About XCHG

XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.