Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Update

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 484,060 shares, a decline of 44.7% from the August 15th total of 875,931 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 4,142,928 shares, the short-interest ratio is presently 0.1 days.

Zhibao Technology Trading Down 8.7%

Zhibao Technology stock opened at $0.10 on Wednesday. Zhibao Technology has a 52 week low of $0.09 and a 52 week high of $1.34. The stock has a 50-day moving average price of $0.20 and a 200 day moving average price of $0.56.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zhibao Technology in a research note on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

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.