Cheche Group Inc. (NASDAQ:CCG) Short Interest Up 55.0% in January

Cheche Group Inc. (NASDAQ:CCG) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 237,527 shares, a growth of 55.0% from the January 15th total of 153,222 shares. Based on an average trading volume of 111,955 shares, the short-interest ratio is presently 2.1 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 111,955 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cheche Group in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Cheche Group currently has a consensus rating of “Sell”.

Cheche Group Trading Up 0.3%

Shares of Cheche Group stock traded up $0.00 during midday trading on Friday, reaching $0.80. The company had a trading volume of 60,807 shares, compared to its average volume of 101,534. The stock’s fifty day moving average is $0.85. Cheche Group has a fifty-two week low of $0.71 and a fifty-two week high of $1.54. The stock has a market capitalization of $52.03 million, a price-to-earnings ratio of -7.27 and a beta of 0.45.

Institutional Investors Weigh In On Cheche Group

A hedge fund recently bought a new stake in Cheche Group stock. Centiva Capital LP purchased a new position in Cheche Group Inc. (NASDAQ:CCG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,244 shares of the company’s stock, valued at approximately $27,000. Hedge funds and other institutional investors own 19.76% of the company’s stock.

About Cheche Group

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.