Zhibao Technology Inc. (NASDAQ:ZBAO) Sees Significant Growth in Short Interest

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 77,600 shares, an increase of 16.3% from the February 13th total of 66,700 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 245,600 shares, the short-interest ratio is currently 0.3 days.

Zhibao Technology Stock Performance

Shares of NASDAQ ZBAO opened at $1.20 on Thursday. Zhibao Technology has a 12-month low of $1.17 and a 12-month high of $5.70. The firm’s 50-day moving average price is $1.43 and its 200-day moving average price is $2.49.

About Zhibao Technology

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.