Wellchange Holdings Company Limited (NASDAQ:WCT) Stock Short Interest Report for September

Wellchange Holdings Company Limited (NASDAQ:WCT) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 285,698 shares, a growth of 402.4% from the September 15th total of 56,867 shares. Approximately 49.3% of the company’s shares are sold short. Based on an average daily volume of 1,230,377 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

WCT has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wellchange in a report on Tuesday, August 18th. Wall Street Zen upgraded shares of Wellchange to a “hold” rating in a report on Saturday, October 3rd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Wellchange currently has an average rating of “Sell”.

Wellchange Price Performance

Shares of WCT stock opened at $0.98 on Friday. Wellchange has a 52 week low of $0.86 and a 52 week high of $102.00. The firm has a 50 day moving average of $5.35 and a two-hundred day moving average of $7.55.

Wellchange Company Profile

Wellchange (NASDAQ: WCT), also known as Wellchange Holdings Company Limited, is an information technology services company. The company provides technology-related solutions intended to support organizations with their digital infrastructure and business operations.

Its services include IT consulting, systems integration, software and technology implementation, and ongoing technical support. Wellchange works with businesses seeking to deploy, manage, and maintain information technology systems, although publicly available information about its specific products and customer industries is limited.

Wellchange is listed on the Nasdaq Stock Market under the symbol WCT.