Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Down 43.7% in July

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 503,416 shares, a drop of 43.7% from the July 15th total of 894,689 shares. Based on an average trading volume of 76,818,437 shares, the short-interest ratio is presently 0.0 days. Currently, 1.5% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

Zhibao Technology Stock Performance

ZBAO stock opened at $0.21 on Wednesday. Zhibao Technology has a 1-year low of $0.15 and a 1-year high of $1.34. The business has a 50 day simple moving average of $0.35 and a two-hundred day simple moving average of $0.66.

About Zhibao Technology

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.