Wellchange Holdings Company Limited (NASDAQ:WCT) Stock Short Interest Falls 90.8%

Wellchange Holdings Company Limited (NASDAQ:WCT) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 56,867 shares, a decline of 90.8% from the August 31st total of 619,557 shares. Based on an average daily volume of 271,526 shares, the days-to-cover ratio is currently 0.2 days. Currently, 9.8% of the shares of the stock are sold short.

Wellchange Trading Up 3.1%

WCT stock traded up $0.23 during mid-day trading on Thursday, hitting $7.75. 3,679,620 shares of the stock were exchanged, compared to its average volume of 612,026. The business has a fifty day moving average price of $5.50 and a 200 day moving average price of $8.71. Wellchange has a 12 month low of $1.90 and a 12 month high of $109.53.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wellchange in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

About Wellchange

Wellchange Holdings Company Limited (NASDAQ: WCT) is a technology services company focused on helping businesses adopt and manage digital solutions. Its activities include information technology consulting, systems integration, software and application development, and related technology support services.

The company provides solutions intended to support customers’ IT infrastructure, cloud adoption, cybersecurity, and business operations. Its services are designed to help organizations modernize technology environments, improve operational efficiency, and manage ongoing information technology requirements.

Wellchange is based in Hong Kong and primarily serves business customers in the region.