XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Stock Short Interest Climbs 98.8%

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 109,722 shares, an increase of 98.8% from the September 30th total of 55,181 shares. Based on an average daily trading volume, of 5,244,776 shares, the short-interest ratio is currently 0.0 days. Currently, 0.2% of the shares of the stock are short sold.

XChange TEC.INC. Stock Down 5.3%

XHG traded down $0.22 during trading on Monday, hitting $3.85. 14,656 shares of the stock traded hands, compared to its average volume of 804,560. XChange TEC.INC. has a twelve month low of $0.65 and a twelve month high of $7.23. The business has a 50 day moving average price of $2.91 and a 200 day moving average price of $1.53.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered XChange TEC.INC. from a “sell (e+)” rating to a “sell (e)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

XChange TEC.INC. Company Profile

XChange TEC.INC (NASDAQ:XHG) is a financial technology company focused on providing financial services in China. Through its technology-enabled platform, the company facilitates access to financial products and services for consumers and business customers.

The company’s activities include loan facilitation and related financial services, as well as insurance brokerage. Its insurance business is intended to connect customers with insurance products offered by third-party insurers, while its financing activities help connect borrowers with lending partners.

XChange TEC.INC operates through subsidiaries and has been associated with the Chinese financial services market.