XChange TEC.INC (NASDAQ:XHG) Sees Significant Growth in Short Interest

XChange TEC.INC (NASDAQ:XHG) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 441,000 shares, an increase of 18,275.0% from the December 31st total of 2,400 shares. Based on an average daily volume of 3,900,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 7.3% of the shares of the stock are sold short.

XChange TEC.INC Trading Down 1.1 %

XHG traded down $0.01 during trading on Thursday, hitting $0.84. 141,592 shares of the company’s stock were exchanged, compared to its average volume of 11,435,239. XChange TEC.INC has a fifty-two week low of $0.64 and a fifty-two week high of $60.00. The firm’s 50 day moving average price is $1.20.

XChange TEC.INC Company Profile

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.