XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Shares Shorted: Short Interest Down 63.6% in September

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 13,616 shares, a decline of 63.6% from the August 31st total of 37,380 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 13,822 shares, the short-interest ratio is currently 1.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XChange TEC.INC. in a report on Wednesday, August 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

XChange TEC.INC. Stock Performance

Shares of NASDAQ:XHG opened at $2.35 on Friday. The stock’s fifty day simple moving average is $2.48 and its two-hundred day simple moving average is $1.49. XChange TEC.INC. has a 1-year low of $0.65 and a 1-year high of $7.23.

About XChange TEC.INC.

XChange TEC.INC engages in the professional insurance agency business in the People’s Republic of China. The company provides a various insurance products underwritten by insurance companies, including state-owned property and casualty insurance companies, as well as various regional property and casualty insurance companies. It also offers automobile, life, health, group accident, and other property related insurances primarily to individual end consumers. In addition, the company operates a SaaS platform to offer comprehensive services to online customers.