Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Up 99.0% in July

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 894,689 shares, an increase of 99.0% from the June 30th total of 449,608 shares. Based on an average daily volume of 40,279,569 shares, the short-interest ratio is presently 0.0 days. Currently, 2.7% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zhibao Technology in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Zhibao Technology Price Performance

Shares of ZBAO traded down $0.01 during trading hours on Wednesday, hitting $0.16. The company’s stock had a trading volume of 1,499,106 shares, compared to its average volume of 6,903,066. The business has a 50 day simple moving average of $0.54 and a two-hundred day simple moving average of $0.73. Zhibao Technology has a 52-week low of $0.15 and a 52-week high of $1.34.

About Zhibao Technology

Zhibao Technology Inc, through its subsidiaries, provides digital insurance brokerage services in China. It also offers managing general underwriter services; and offline insurance brokerage consulting services. The company was founded in 2015 and is based in Shanghai, China.