XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Sees Significant Decline in Short Interest

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 13,616 shares, a decrease of 63.6% from the August 31st total of 37,380 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 13,822 shares, the short-interest ratio is currently 1.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XChange TEC.INC. in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, XChange TEC.INC. currently has a consensus rating of “Sell”.

XChange TEC.INC. Stock Performance

XHG opened at $2.35 on Friday. The firm has a 50-day moving average of $2.48 and a 200 day moving average of $1.49. XChange TEC.INC. has a fifty-two week low of $0.65 and a fifty-two week high of $7.23.

About XChange TEC.INC.

XChange TEC.INC engages in the professional insurance agency business in the People’s Republic of China. The company provides a various insurance products underwritten by insurance companies, including state-owned property and casualty insurance companies, as well as various regional property and casualty insurance companies. It also offers automobile, life, health, group accident, and other property related insurances primarily to individual end consumers. In addition, the company operates a SaaS platform to offer comprehensive services to online customers.