Pintec Technology Holdings Limited (NASDAQ:PT) Sees Large Decline in Short Interest

Pintec Technology Holdings Limited (NASDAQ:PT) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 400 shares, a drop of 88.9% from the December 31st total of 3,600 shares. Based on an average daily volume of 27,400 shares, the short-interest ratio is presently 0.0 days.

Pintec Technology Trading Down 1.3 %

Shares of PT stock traded down $0.01 on Tuesday, reaching $0.94. The company’s stock had a trading volume of 4,156 shares, compared to its average volume of 24,456. The stock’s fifty day simple moving average is $0.96 and its 200-day simple moving average is $0.99. Pintec Technology has a 1 year low of $0.71 and a 1 year high of $1.27.

Analyst Upgrades and Downgrades

Separately, Mizuho upgraded Pintec Technology to a “hold” rating in a research note on Monday, October 14th.

Pintec Technology Company Profile

Pintec Technology Holdings Limited, together with its subsidiaries, engages in the provision of technology-enabled financial and digital services to the ecosystem of MSMEs and SMEs in the People’s Republic of China. The company connects business partners and financial partners on its open platform and enables them to provide financial services to end users.