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

XChange TEC.INC (NASDAQ:XHG) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 6,700 shares, a drop of 97.1% from the October 15th total of 234,200 shares. Based on an average daily volume of 454,300 shares, the short-interest ratio is currently 0.0 days.

XChange TEC.INC Stock Performance

Shares of NASDAQ XHG opened at $1.97 on Wednesday. The firm’s 50-day moving average price is $0.48. XChange TEC.INC has a 1-year low of $1.77 and a 1-year high of $224.00.

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.