XChange TEC.INC (NASDAQ:XHG) Short Interest Down 40.4% in February

XChange TEC.INC (NASDAQ:XHG) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 930,200 shares, a decrease of 40.4% from the February 13th total of 1,560,000 shares. Currently, 4.7% of the shares of the company are sold short. Based on an average daily volume of 4,490,000 shares, the days-to-cover ratio is presently 0.2 days.

XChange TEC.INC Stock Performance

Shares of NASDAQ XHG opened at $0.85 on Friday. The firm’s 50-day simple moving average is $0.90 and its 200 day simple moving average is $4.02. XChange TEC.INC has a fifty-two week low of $0.56 and a fifty-two 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.