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

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 94,900 shares, an increase of 24.4% from the March 15th total of 76,300 shares. Based on an average trading volume of 122,800 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.1% of the shares of the company are short sold.

Zhibao Technology Price Performance

NASDAQ:ZBAO opened at $1.02 on Tuesday. Zhibao Technology has a 1 year low of $0.85 and a 1 year high of $5.70. The business has a fifty day simple moving average of $1.25 and a two-hundred day simple moving average of $2.03.

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.