Short Interest in Cheche Group Inc. (NASDAQ:CCG) Decreases By 80.8%

Key Points

• Short interest in Cheche Group Inc. (NASDAQ:CCG) decreased by 80.8% in September, falling from 302,600 shares to 58,100 shares.
• Analysts have mixed views on the stock, with Weiss Ratings reaffirming a "sell" rating while Wall Street Zen has upgraded it to a "hold," leading to a consensus rating of "Sell."
• Cheche Group's stock is currently trading at $0.98, with a market capitalization of approximately $63.74 million and a PE ratio of -8.91.

Cheche Group Inc. (NASDAQ:CCG - Get Free Report) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 58,100 shares, a decrease of 80.8% from the September 15th total of 302,600 shares. Based on an average daily trading volume, of 393,600 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the company's shares are short sold. Currently, 0.3% of the company's shares are short sold. Based on an average daily trading volume, of 393,600 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Cheche Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Cheche Group to a "hold" rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Sell".

Cheche Group Stock Up 0.0%

Shares of NASDAQ CCG traded up $0.00 during trading hours on Friday, hitting $0.98. 50,152 shares of the stock were exchanged, compared to its average volume of 394,510. Cheche Group has a 12 month low of $0.71 and a 12 month high of $1.54. The firm has a market cap of $63.74 million, a PE ratio of -8.91 and a beta of 0.44.

Cheche Group Company Profile

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.

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