XCHG Limited (NASDAQ:XCH) Sees Large Decline in Short Interest

XCHG Limited (NASDAQ:XCH) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 4,450 shares, a decline of 93.2% from the July 30th total of 65,678 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,392,450 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XCHG in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

XCHG Stock Performance

Shares of NASDAQ:XCH traded up $0.01 during midday trading on Thursday, hitting $4.02. The company’s stock had a trading volume of 7,956 shares, compared to its average volume of 19,472. The stock’s 50 day simple moving average is $3,861.04 and its 200 day simple moving average is $6,539.66. The stock has a market capitalization of $16.39 million, a price-to-earnings ratio of -2.51 and a beta of -1.02. XCHG has a fifty-two week low of $3.90 and a fifty-two week high of $49.98.

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.