Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Update

Zhibao Technology Inc. (NASDAQ:ZBAO) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 894,689 shares, a growth of 99.0% from the June 30th total of 449,608 shares. Based on an average trading volume of 40,279,569 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.7% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zhibao Technology in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Zhibao Technology Stock Performance

Shares of NASDAQ ZBAO opened at $0.16 on Thursday. The company’s 50 day simple moving average is $0.52 and its 200 day simple moving average is $0.73. Zhibao Technology has a fifty-two week low of $0.15 and a fifty-two week high of $1.34.

About Zhibao Technology

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.