Wellchange Holdings Company Limited (NASDAQ:WCT) Short Interest Update

Wellchange Holdings Company Limited (NASDAQ:WCT) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 238,191 shares, an increase of 111.3% from the July 30th total of 112,723 shares. Based on an average trading volume of 3,385,279 shares, the days-to-cover ratio is presently 0.1 days. Currently, 7.8% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wellchange in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Wellchange Trading Up 45.5%

Shares of NASDAQ WCT opened at $1.09 on Friday. The stock has a 50 day simple moving average of $0.99 and a 200-day simple moving average of $2.42. Wellchange has a 12-month low of $0.38 and a 12-month high of $25.00.

Wellchange (NASDAQ:WCT) last posted its earnings results on Wednesday, May 13th. The company reported ($0.62) EPS for the quarter. The company had revenue of $0.08 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Wellchange stock. Citadel Advisors LLC purchased a new stake in shares of Wellchange Holdings Company Limited (NASDAQ:WCT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned 0.19% of Wellchange as of its most recent filing with the Securities and Exchange Commission (SEC).

About Wellchange

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services. The company also operates MR. CLOUD, a cloud-based SaaS enterprise resource planning software platform based on subscription services to support back-office and front-office functions, such as finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management, professional services automation, project and file management, human resources management, e-commerce, and marketing automation.