XCHG Limited (NASDAQ:XCH) Sees Significant Increase in Short Interest

XCHG Limited (NASDAQ:XCH – Get Free Report) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 9,580 shares, an increase of 109.4% from the September 15th total of 4,575 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 15,347 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XCHG in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Get Our Latest Analysis on XCH

XCHG Stock Down 16.7%

Shares of XCH stock opened at $1.95 on Wednesday. XCHG has a 12 month low of $1.55 and a 12 month high of $43.20. The firm has a market cap of $7.96 million, a PE ratio of -1.22 and a beta of -1.22. The stock has a 50 day moving average of $333.16 and a 200-day moving average of $4,248.13.

XCHG (NASDAQ:XCH – Get Free Report) last announced its quarterly earnings data on Saturday, September 19th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $5.14 million for the quarter. As a group, equities analysts predict that XCHG will post -2.63 EPS for the current fiscal year.

XCHG Company Profile

(Get Free Report)

XCHG Limited, operating under the XCharge brand, is an electric vehicle (EV) charging technology company. It develops and supplies high-power direct-current fast-charging systems designed for commercial and passenger EV applications.

The company’s product portfolio includes fast-charging hardware, integrated energy storage and charging systems, and software for managing charging networks. Its solutions are intended to help charging operators, fleet owners, automakers, dealerships and other commercial customers deploy and operate EV charging infrastructure.

Founded in 2015, XCHG serves customers in multiple international markets, including Europe, Asia and North America.

Further Reading

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