Wellchange Holdings Company Limited (NASDAQ:WCT) Sees Large Drop in Short Interest

Wellchange Holdings Company Limited (NASDAQ:WCT – Get Free Report) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 18,572 shares, a decline of 75.6% from the October 15th total of 76,138 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average daily volume of 144,589 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WCT. Wall Street Zen raised shares of Wellchange from a “sell” rating to a “hold” rating in a research report on Monday, October 19th. Weiss Ratings reissued 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, Wellchange currently has an average rating of “Sell”.

View Our Latest Stock Report on Wellchange

Wellchange Price Performance

Shares of WCT opened at $3.84 on Thursday. The firm has a fifty day simple moving average of $33.11 and a two-hundred day simple moving average of $109.39. Wellchange has a twelve month low of $1.96 and a twelve month high of $675.00.

Wellchange (NASDAQ:WCT – Get Free Report) last issued its quarterly earnings data on Tuesday, November 10th. The company reported ($3.23) EPS for the quarter. The firm had revenue of $0.33 million for the quarter.

Wellchange Company Profile

(Get Free Report)

Wellchange Holdings Company Limited (NASDAQ: WCT) is an information technology services company that provides IT solutions to businesses. Its activities include technology consulting, system development and implementation, software-related services, and the provision of IT professionals for client projects. The company serves organizations seeking support with digital transformation, application development, systems integration, and ongoing technology operations. Wellchange operates through subsidiaries and focuses primarily on the Japanese market, although publicly available information about its geographic reach and business lines is limited.

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