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

XChange TEC.INC (NASDAQ:XHG) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 441,000 shares, an increase of 18,275.0% from the December 31st total of 2,400 shares. Based on an average daily volume of 3,900,000 shares, the short-interest ratio is presently 0.1 days. Currently, 7.3% of the shares of the stock are sold short.

XChange TEC.INC Price Performance

XHG opened at $0.83 on Friday. The stock’s fifty day simple moving average is $1.20. XChange TEC.INC has a 52 week low of $0.64 and a 52 week high of $60.00.

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.