Pintec Technology Holdings Limited (NASDAQ:PT) Short Interest Down 45.3% in October

Pintec Technology Holdings Limited (NASDAQ:PT) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 22,300 shares, a decline of 45.3% from the September 30th total of 40,800 shares. Based on an average daily volume of 28,100 shares, the short-interest ratio is presently 0.8 days.

Pintec Technology Stock Performance

NASDAQ:PT remained flat at $1.00 during mid-day trading on Friday. 52,279 shares of the company were exchanged, compared to its average volume of 63,598. Pintec Technology has a 1-year low of $0.71 and a 1-year high of $1.27. The business’s 50 day moving average is $1.00 and its two-hundred day moving average is $1.04.

Wall Street Analysts Forecast Growth

Separately, Mizuho upgraded Pintec Technology to a “hold” rating in a research note on Monday, October 14th.

About Pintec Technology

Pintec Technology Holdings Limited, together with its subsidiaries, engages in the provision of technology-enabled financial and digital services to the ecosystem of MSMEs and SMEs in the People’s Republic of China. The company connects business partners and financial partners on its open platform and enables them to provide financial services to end users.