Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Down 81.9% in December

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 3,576 shares, a decline of 81.9% from the December 15th total of 19,777 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 104,012 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 104,012 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Zhibao Technology in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Zhibao Technology Trading Down 9.2%

ZBAO stock traded down $0.10 during mid-day trading on Monday, hitting $0.96. 104,605 shares of the company were exchanged, compared to its average volume of 126,773. The business has a fifty day simple moving average of $0.96 and a 200-day simple moving average of $1.00. Zhibao Technology has a 12-month low of $0.77 and a 12-month high of $2.14.

Zhibao Technology (NASDAQ:ZBAO) last released its quarterly earnings results on Friday, January 9th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $9.30 million for the quarter. On average, analysts predict that Zhibao Technology will post 0.06 EPS for the current year.

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.