Wellchange Holdings Company Limited (NASDAQ:WCT) Short Interest Update

Wellchange Holdings Company Limited (NASDAQ:WCT) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 209,998 shares, an increase of 2,418.6% from the May 31st total of 8,338 shares. Approximately 6.8% of the shares of the company are sold short. Based on an average daily trading volume, of 16,600,751 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Wellchange from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wellchange presently has a consensus rating of “Sell”.

Institutional Trading of Wellchange

An institutional investor recently bought a new position in Wellchange stock. Citadel Advisors LLC acquired a new position in shares of Wellchange Holdings Company Limited (NASDAQ:WCT) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned 0.19% of Wellchange at the end of the most recent quarter.

Wellchange Trading Up 9.1%

NASDAQ WCT traded up $0.10 during trading on Thursday, reaching $1.20. The company’s stock had a trading volume of 248,323 shares, compared to its average volume of 1,568,177. Wellchange has a twelve month low of $0.90 and a twelve month high of $25.00. The business’s fifty day moving average price is $1.84 and its 200-day moving average price is $5.03.

Wellchange (NASDAQ:WCT) last announced its earnings results on Wednesday, May 13th. The company reported ($0.62) earnings per share for the quarter. The firm had revenue of $0.08 million for the quarter.

Wellchange Company Profile

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services. The company also operates MR. CLOUD, a cloud-based SaaS enterprise resource planning software platform based on subscription services to support back-office and front-office functions, such as finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management, professional services automation, project and file management, human resources management, e-commerce, and marketing automation.