Zhibao Technology Inc. (NASDAQ:ZBAO) Stock Short Interest Report for October

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 115,867 shares, a drop of 82.2% from the September 30th total of 650,165 shares. Based on an average daily trading volume, of 1,084,082 shares, the days-to-cover ratio is currently 0.1 days. Approximately 17.6% of the shares of the company are sold short.

Zhibao Technology Price Performance

ZBAO stock opened at $0.32 on Thursday. The firm has a 50-day moving average price of $5.03 and a 200-day moving average price of $26.77. Zhibao Technology has a 12 month low of $0.30 and a 12 month high of $67.00.

Analyst Ratings Changes

ZBAO has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zhibao Technology in a report on Friday, October 2nd. Wall Street Zen raised shares of Zhibao Technology to a “sell” rating in a report on Saturday, October 17th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Zhibao Technology presently has a consensus rating of “Sell”.

About Zhibao Technology

Zhibao Technology Inc (NASDAQ: ZBAO) is a China-based insurance technology company that provides digital insurance brokerage and related services. The company focuses primarily on commercial property and casualty insurance, helping businesses identify coverage needs and connect with suitable insurance products.

Through its digital platforms and brokerage operations, Zhibao Technology supports the distribution and administration of insurance policies. Its services are designed to connect commercial customers, insurance intermediaries and insurance carriers, with an emphasis on using technology to improve insurance product selection, transaction processing and ongoing policy services.

The company serves customers in China and operates through its subsidiaries and insurance-related business platforms.