XChange TEC.INC (NASDAQ:XHG) Short Interest Down 43.8% in October

XChange TEC.INC (NASDAQ:XHG) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 234,200 shares, a drop of 43.8% from the September 30th total of 416,900 shares. Based on an average daily trading volume, of 8,750,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 5.5% of the company’s stock are short sold.

XChange TEC.INC Stock Performance

Shares of XHG stock opened at $0.19 on Monday. The company’s 50 day simple moving average is $0.56. XChange TEC.INC has a 52-week low of $0.18 and a 52-week high of $14.20.

XChange TEC.INC Company Profile

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.