XCHG Limited (NASDAQ:XCH) Short Interest Update

Key Points

• XCHG Limited experienced a significant 53.6% decline in short interest in September, bringing total short interest to 1,300 shares.
• The stock price of XCHG Limited saw an increase of 15.8%, with shares opening at $1.76 on Monday.
• XTX Topco Ltd recently acquired a new position in XCHG, purchasing 46,520 shares valued at approximately $58,000.

XCHG Limited (NASDAQ:XCH - Get Free Report) saw a significant decline in short interest in September. As of September 30th, there was short interest totaling 1,300 shares, a decline of 53.6% from the September 15th total of 2,800 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 21,200 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 21,200 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's stock are short sold.

XCHG Stock Up 15.8%

NASDAQ:XCH opened at $1.76 on Monday. The stock's 50-day simple moving average is $1.30 and its 200 day simple moving average is $1.30. XCHG has a 52-week low of $0.55 and a 52-week high of $30.47.

Institutional Trading of XCHG

An institutional investor recently bought a new position in XCHG stock. XTX Topco Ltd bought a new stake in XCHG Limited (NASDAQ:XCH - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 46,520 shares of the company's stock, valued at approximately $58,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of XCHG in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of "Sell".

XCHG Company Profile

XCHG Limited engages in designing, manufacturing, and selling of electric vehicle (EV) chargers under the X-Charge brand name in Europe, the People's Republic of China, and internationally. The company offers direct current (DC) fast chargers under the C6 series and C7 series; and battery-integrated DC fast chargers under the Net Zero series, as well as software system upgrades and hardware maintenance services.

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