XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Shares Shorted: Short Interest Up 237.8% in October

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 370,621 shares, an increase of 237.8% from the October 15th total of 109,722 shares. Based on an average trading volume of 1,123,824 shares, the short-interest ratio is currently 0.3 days. Approximately 0.7% of the company’s stock are sold short.

XChange TEC.INC. Stock Performance

NASDAQ:XHG opened at $3.29 on Friday. XChange TEC.INC. has a fifty-two week low of $0.65 and a fifty-two week high of $7.23. The firm has a 50-day simple moving average of $2.82 and a two-hundred day simple moving average of $1.64.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of XChange TEC.INC. from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, XChange TEC.INC. has a consensus rating of “Sell”.

XChange TEC.INC. Company Profile

XChange TEC.INC is a technology-focused financial services company operating in China. Through its subsidiaries, it provides online services related to consumer finance. The company’s activities include facilitating loans by connecting borrowers with funding partners through digital platforms. Its services are aimed at making consumer financing more accessible and streamlining the lending process.