Short Interest in XCHG Limited (NASDAQ:XCH) Decreases By 53.6%

XCHG Limited (NASDAQ:XCH) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 1,300 shares, a drop of 53.6% from the September 15th total of 2,800 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,200 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 21,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

XCHG Trading Up 4.8%

XCHG stock opened at $1.96 on Wednesday. XCHG has a 12 month low of $0.55 and a 12 month high of $30.47. The stock has a 50-day moving average price of $1.33 and a two-hundred day moving average price of $1.31.

Hedge Funds Weigh In On XCHG

A hedge fund recently bought a new stake in XCHG stock. XTX Topco Ltd bought a new stake in XCHG Limited (NASDAQ:XCH) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 46,520 shares of the company’s stock, valued at approximately $58,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XCHG in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About XCHG

XCHG Limited engages in designing, manufacturing, and selling of electric vehicle (EV) chargers under the X-Charge brand name in Europe, the People’s Republic of China, and internationally. The company offers direct current (DC) fast chargers under the C6 series and C7 series; and battery-integrated DC fast chargers under the Net Zero series, as well as software system upgrades and hardware maintenance services.