XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Stock Short Interest Report for October

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 109,722 shares, a growth of 98.8% from the September 30th total of 55,181 shares. Based on an average trading volume of 5,244,776 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.2% of the company’s shares are short sold.

XChange TEC.INC. Price Performance

XChange TEC.INC. stock opened at $3.13 on Tuesday. The firm has a fifty day moving average of $2.89 and a 200-day moving average of $1.54. XChange TEC.INC. has a 52-week low of $0.65 and a 52-week high of $7.23.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded XChange TEC.INC. from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

XChange TEC.INC. Company Profile

XChange TEC.INC (NASDAQ:XHG) is a financial technology company focused on providing financial services in China. Through its technology-enabled platform, the company facilitates access to financial products and services for consumers and business customers.

The company’s activities include loan facilitation and related financial services, as well as insurance brokerage. Its insurance business is intended to connect customers with insurance products offered by third-party insurers, while its financing activities help connect borrowers with lending partners.

XChange TEC.INC operates through subsidiaries and has been associated with the Chinese financial services market.