Wellchange Holdings Company Limited (NASDAQ:WCT) Shares Shorted: Short Interest Down 75.6% in October

Wellchange Holdings Company Limited (NASDAQ:WCT) saw a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 18,572 shares, a decline of 75.6% from the October 15th total of 76,138 shares. Based on an average daily volume of 144,589 shares, the days-to-cover ratio is currently 0.1 days. Approximately 3.2% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research firms recently commented on WCT. Wall Street Zen raised Wellchange from a “sell” rating to a “hold” rating in a research note on Monday, October 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of Wellchange in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Wellchange presently has an average rating of “Sell”.

Wellchange Trading Down 6.0%

NASDAQ:WCT opened at $3.07 on Friday. The company has a fifty day moving average of $31.97 and a 200-day moving average of $107.51. Wellchange has a twelve month low of $1.96 and a twelve month high of $675.00.

Wellchange (NASDAQ:WCT) last issued its earnings results on Tuesday, November 10th. The company reported ($3.23) earnings per share (EPS) for the quarter. The company had revenue of $0.33 million for the quarter.

About Wellchange

Wellchange Holdings Company Limited (NASDAQ: WCT) is an information technology services company that provides IT solutions to businesses. Its activities include technology consulting, system development and implementation, software-related services, and the provision of IT professionals for client projects. The company serves organizations seeking support with digital transformation, application development, systems integration, and ongoing technology operations. Wellchange operates through subsidiaries and focuses primarily on the Japanese market, although publicly available information about its geographic reach and business lines is limited.