XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Short Interest Update

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 8,449 shares, a decline of 55.3% from the June 30th total of 18,921 shares. Based on an average trading volume of 5,824 shares, the short-interest ratio is currently 1.5 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XChange TEC.INC. in a research note on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

XChange TEC.INC. Stock Performance

NASDAQ XHG opened at $0.97 on Thursday. XChange TEC.INC. has a 52-week low of $0.65 and a 52-week high of $2.23. The firm has a 50-day moving average of $0.96 and a 200-day moving average of $0.94.

About XChange TEC.INC.

XChange TEC.INC engages in the professional insurance agency business in the People’s Republic of China. The company provides a various insurance products underwritten by insurance companies, including state-owned property and casualty insurance companies, as well as various regional property and casualty insurance companies. It also offers automobile, life, health, group accident, and other property related insurances primarily to individual end consumers. In addition, the company operates a SaaS platform to offer comprehensive services to online customers.