Short Interest in Cheche Group Inc. (NASDAQ:CCG) Grows By 101.5%

Cheche Group Inc. (NASDAQ:CCG) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 187,007 shares, an increase of 101.5% from the December 15th total of 92,826 shares. Based on an average daily trading volume, of 69,076 shares, the days-to-cover ratio is currently 2.7 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 69,076 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Trading of Cheche Group

A hedge fund recently bought a new stake in Cheche Group stock. Centiva Capital LP purchased a new position in shares of Cheche Group Inc. (NASDAQ:CCG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,244 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds own 19.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Cheche Group to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheche Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Cheche Group Stock Performance

Shares of NASDAQ:CCG opened at $0.85 on Friday. Cheche Group has a 52-week low of $0.71 and a 52-week high of $1.54. The stock has a market capitalization of $55.28 million, a PE ratio of -7.73 and a beta of 0.44. The business has a 50-day moving average price of $0.91.

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.