Short Interest in Zhibao Technology Inc. (NASDAQ:ZBAO) Rises By 16.3%

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 77,600 shares, an increase of 16.3% from the February 13th total of 66,700 shares. Based on an average daily trading volume, of 245,600 shares, the short-interest ratio is currently 0.3 days. Approximately 0.9% of the company’s stock are sold short.

Zhibao Technology Price Performance

ZBAO opened at $1.29 on Wednesday. The firm has a 50 day moving average price of $1.44 and a 200-day moving average price of $2.50. Zhibao Technology has a twelve month low of $1.17 and a twelve month high of $5.70.

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.