XCHG Limited (NASDAQ:XCH) Short Interest Update

XCHG Limited (NASDAQ:XCH) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 65,678 shares, a drop of 54.4% from the July 15th total of 144,160 shares. Based on an average daily trading volume, of 42,110 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.1% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of XCHG in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

XCHG Price Performance

XCHG stock opened at $0.26 on Friday. The firm has a 50 day simple moving average of $234.12 and a 200-day simple moving average of $350.06. XCHG has a 1-year low of $0.23 and a 1-year high of $2.50. The stock has a market cap of $20.81 million, a price-to-earnings ratio of -3.19 and a beta of -1.02.

XCHG shares are set to reverse split before the market opens on Friday, August 21st. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, August 20th.

XCHG Company Profile

XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.