XCHG Limited (NASDAQ:XCH) Short Interest Up 722.0% in June

XCHG Limited (NASDAQ:XCH) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 124,675 shares, an increase of 722.0% from the June 15th total of 15,168 shares. Based on an average trading volume of 2,333,264 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XCHG in a report on Wednesday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, XCHG currently has an average rating of “Reduce”.

XCHG Price Performance

Shares of XCH stock opened at $0.73 on Monday. The stock has a market cap of $52.95 million, a PE ratio of -9.12 and a beta of -1.22. The stock has a 50-day moving average of $0.73 and a 200-day moving average of $0.99. XCHG has a one year low of $0.54 and a one year high of $2.50.

XCHG (NASDAQ:XCH) last announced its quarterly earnings results on Monday, April 27th. The company reported ($0.18) earnings per share for the quarter. The firm had revenue of $6.32 million for the quarter. As a group, research analysts anticipate that XCHG will post -0.15 earnings per share for the current year.

XCHG Company Profile

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.