XCHG Limited (NASDAQ:XCH) Short Interest Update

XCHG Limited (NASDAQ:XCH) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 124,675 shares, an increase of 722.0% from the June 15th total of 15,168 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 2,333,264 shares, the short-interest ratio is currently 0.1 days.

XCHG Price Performance

XCH traded up $0.02 on Friday, reaching $0.79. The company’s stock had a trading volume of 221,521 shares, compared to its average volume of 1,472,884. The stock has a market cap of $57.31 million, a price-to-earnings ratio of -9.88 and a beta of -1.22. XCHG has a 1 year low of $0.54 and a 1 year high of $2.50. The business’s 50 day moving average is $0.73 and its 200 day moving average is $0.99.

XCHG (NASDAQ:XCH) last posted its quarterly earnings data on Monday, April 27th. The company reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $6.32 million during the quarter. As a group, research analysts forecast that XCHG will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XCHG in a report on Wednesday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

XCHG Company Profile

XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.