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

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

XChange TEC.INC Price Performance

XHG opened at $0.85 on Monday. The company’s 50 day moving average price is $0.90 and its two-hundred day moving average price is $3.83. XChange TEC.INC has a fifty-two week low of $0.56 and a fifty-two week high of $60.00.

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.