Zhibao Technology Inc. (NASDAQ:ZBAO) Sees Significant Decrease in Short Interest

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 503,416 shares, a drop of 43.7% from the July 15th total of 894,689 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily volume of 76,818,437 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zhibao Technology in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Zhibao Technology Stock Down 3.5%

Zhibao Technology stock opened at $0.22 on Tuesday. The company has a 50 day moving average price of $0.36 and a 200 day moving average price of $0.66. Zhibao Technology has a 52 week low of $0.15 and a 52 week high of $1.34.

Zhibao Technology Company Profile

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.