XChange TEC.INC (NASDAQ:XHG) Sees Significant Growth in Short Interest

XChange TEC.INC (NASDAQ:XHG) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 842,100 shares, a growth of 44.2% from the March 31st total of 584,000 shares. Based on an average trading volume of 1,610,000 shares, the short-interest ratio is presently 0.5 days. Approximately 4.2% of the company’s shares are short sold.

XChange TEC.INC Stock Down 5.4 %

XChange TEC.INC stock opened at $0.12 on Wednesday. XChange TEC.INC has a fifty-two week low of $0.10 and a fifty-two week high of $60.00. The company has a 50 day moving average price of $0.63 and a 200-day moving average price of $1.30.

XChange TEC.INC Company Profile

XChange TEC.INC engages in the professional insurance agency business in the People’s Republic of China. The company provides a various insurance products underwritten by insurance companies, including state-owned property and casualty insurance companies, as well as various regional property and casualty insurance companies.