Cheche Group Inc. (NASDAQ:CCG) Short Interest Up 101.5% in December

Cheche Group Inc. (NASDAQ:CCG) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 187,007 shares, an increase of 101.5% from the December 15th total of 92,826 shares. Based on an average daily volume of 69,076 shares, the short-interest ratio is presently 2.7 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 69,076 shares, the short-interest ratio is presently 2.7 days.

Wall Street Analyst Weigh In

CCG has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cheche Group in a report on Wednesday, October 8th. Wall Street Zen raised Cheche Group to a “hold” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Cheche Group currently has an average rating of “Sell”.

Institutional Investors Weigh In On Cheche Group

An institutional investor recently bought a new position in Cheche Group stock. Centiva Capital LP acquired a new position in Cheche Group Inc. (NASDAQ:CCG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,244 shares of the company’s stock, valued at approximately $27,000. Institutional investors own 19.76% of the company’s stock.

Cheche Group Stock Up 4.8%

CCG traded up $0.04 during trading on Friday, reaching $0.87. The stock had a trading volume of 95,535 shares, compared to its average volume of 53,601. The company has a market capitalization of $56.58 million, a P/E ratio of -7.91 and a beta of 0.44. The firm’s 50 day simple moving average is $0.91. Cheche Group has a one year low of $0.71 and a one year high of $1.54.

About Cheche Group

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.