XChange TEC.INC. Sponsored ADR (NASDAQ:XHG) Short Interest Down 25.2% in April

Key Points

• Short interest fell 25.2% in April to 38,591 shares (about 0.1% of shares outstanding), with a low days-to-cover of 0.4 based on average daily volume of 105,179 shares.
• XHG opened at $1.05 and was trading down 2.9%; its 50-day and 200-day simple moving averages are $0.91 and $0.93, respectively, with a 52-week range of $0.65–$3.23.
• XChange TEC.INC. operates as a professional insurance agency in China offering auto, life, health, group accident and other property-related policies and also runs a SaaS platform to serve online customers.

XChange TEC.INC. Sponsored ADR (NASDAQ:XHG - ) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totaling 38,591 shares, a decrease of 25.2% from the March 31st total of 51,617 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 105,179 shares, the days-to-cover ratio is presently 0.4 days.

XChange TEC.INC. Trading Down 2.9%

XHG stock opened at $1.05 on Wednesday. The company has a 50 day simple moving average of $0.91 and a 200 day simple moving average of $0.93. XChange TEC.INC. has a 1 year low of $0.65 and a 1 year high of $3.23.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.