Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Down 67.1% in September

Zhibao Technology Inc. (NASDAQ:ZBAO) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 7,400 shares, a drop of 67.1% from the August 31st total of 22,500 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 60,600 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 60,600 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Zhibao Technology to a “hold” rating in a report on Saturday, June 14th.

Zhibao Technology Price Performance

Shares of ZBAO stock opened at $1.08 on Friday. Zhibao Technology has a 12-month low of $0.78 and a 12-month high of $4.27. The firm has a fifty day moving average of $1.03 and a 200-day moving average of $1.06.

Zhibao Technology Company Profile

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.