XChange TEC.INC (NASDAQ:XHG) Sees Large Increase in Short Interest

XChange TEC.INC (NASDAQ:XHG) was the target of a significant increase in short interest in the month of 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. Approximately 7.3% of the shares of the company are short sold. Based on an average daily trading volume, of 3,900,000 shares, the short-interest ratio is currently 0.1 days.

XChange TEC.INC Price Performance

Shares of XHG opened at $0.83 on Friday. XChange TEC.INC has a 12 month low of $0.64 and a 12 month high of $60.00. The business’s 50-day simple moving average 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.