Sentage Holdings Inc. (NASDAQ:SNTG) Sees Large Decrease in Short Interest

Sentage Holdings Inc. (NASDAQ:SNTG) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 4,964 shares, a decrease of 44.9% from the September 30th total of 9,015 shares. Based on an average daily trading volume, of 5,577 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the company’s stock are short sold.

Sentage Stock Down 2.6%

NASDAQ SNTG traded down $0.04 on Monday, reaching $1.66. The stock had a trading volume of 12,732 shares, compared to its average volume of 64,148. Sentage has a 12-month low of $1.56 and a 12-month high of $2.86. The stock has a fifty day moving average price of $1.73 and a two-hundred day moving average price of $1.96.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Sentage in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of “Sell”.

About Sentage

Sentage Holdings Inc (NASDAQ:SNTG) is a financial services company that operates primarily in China through its subsidiaries. The company focuses on providing services related to consumer finance and the management and recovery of outstanding loans.

Its business activities have included debt collection services for financial institutions, consumer finance companies and online lending platforms. Sentage has also provided loan facilitation services, helping connect borrowers with financial service providers, as well as related post-loan management and consumer finance solutions.

Sentage was established in 2014 and became a publicly traded company on the Nasdaq.