Short Interest in Zhibao Technology Inc. (NASDAQ:ZBAO) Expands By 99.0%

Zhibao Technology Inc. (NASDAQ:ZBAO) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 894,689 shares, a growth of 99.0% from the June 30th total of 449,608 shares. Based on an average daily trading volume, of 40,279,569 shares, the short-interest ratio is currently 0.0 days. Approximately 2.7% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zhibao Technology in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Zhibao Technology Stock Performance

ZBAO opened at $0.17 on Friday. Zhibao Technology has a 1-year low of $0.15 and a 1-year high of $1.34. The company’s fifty day moving average price is $0.51 and its two-hundred day moving average price is $0.72.

Zhibao Technology Company Profile

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.