Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Update

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 484,060 shares, a decline of 44.7% from the August 15th total of 875,931 shares. Based on an average trading volume of 4,142,928 shares, the short-interest ratio is presently 0.1 days. Approximately 1.5% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zhibao Technology in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Zhibao Technology presently has an average rating of “Sell”.

Zhibao Technology Trading Down 10.4%

NASDAQ:ZBAO traded down $0.01 during mid-day trading on Tuesday, hitting $0.10. 936,947 shares of the company’s stock traded hands, compared to its average volume of 9,914,188. The company has a fifty day moving average of $0.21 and a 200 day moving average of $0.56. Zhibao Technology has a twelve month low of $0.09 and a twelve month high of $1.34.

Zhibao Technology Company Profile

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.