XCHG Limited (NASDAQ:XCH) Stock Short Interest Rises 212.7%

XCHG Limited (NASDAQ:XCH) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 29,959 shares, a growth of 212.7% from the September 30th total of 9,580 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 214,232 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XCHG in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, XCHG presently has a consensus rating of “Reduce”.

XCHG Price Performance

Shares of NASDAQ:XCH opened at $2.44 on Thursday. The stock has a market cap of $9.96 million, a P/E ratio of -1.52 and a beta of -1.22. The firm has a fifty day moving average price of $3.10 and a 200 day moving average price of $5,288.75. XCHG has a 1-year low of $1.26 and a 1-year high of $35.80.

XCHG (NASDAQ:XCH) last issued its quarterly earnings data on Saturday, September 19th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $5.14 million for the quarter. Sell-side analysts expect that XCHG will post -2.63 EPS for the current fiscal year.

About XCHG

XCHG Limited is an electric vehicle charging technology company that develops and provides charging infrastructure and related software solutions. Its offerings are designed to support electric vehicle charging operators, commercial fleets, automakers, businesses and other customers seeking to deploy and manage charging networks.

The company’s products and services include direct-current fast-charging equipment, charging management software, energy management capabilities and related operational and maintenance services.