Wellchange Holdings Company Limited (NASDAQ:WCT – Get Free Report) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 76,138 shares, a decline of 73.4% from the September 30th total of 285,698 shares. Based on an average daily trading volume, of 1,331,131 shares, the short-interest ratio is currently 0.1 days. Currently, 13.1% of the shares of the stock are sold short.
Wellchange Stock Down 1.7%
Shares of WCT opened at $0.31 on Wednesday. The stock has a fifty day simple moving average of $4.32 and a two-hundred day simple moving average of $13.20. Wellchange has a 52-week low of $0.30 and a 52-week high of $72.50.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wellchange in a research note on Tuesday, August 18th. Wall Street Zen upgraded Wellchange from a “sell” rating to a “hold” rating in a report on Monday, October 19th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.
Read Our Latest Research Report on WCT
About Wellchange
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