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

XChange TEC.INC (NASDAQ:XHG) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 3,000 shares, a decline of 44.4% from the November 30th total of 5,400 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 989,100 shares, the days-to-cover ratio is presently 0.0 days.

XChange TEC.INC Trading Down 2.8 %

Shares of XHG stock opened at $0.93 on Friday. XChange TEC.INC has a 12-month low of $0.64 and a 12-month high of $60.00. The business’s 50 day simple moving average is $2.07.

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.