XCHG Limited (NASDAQ:XCH – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 9,580 shares, a growth of 109.4% from the September 15th total of 4,575 shares. Based on an average daily trading volume, of 15,347 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XCHG in a report on Friday, October 2nd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.
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XCHG Stock Performance
XCHG (NASDAQ:XCH – Get Free Report) last released its earnings results on Saturday, September 19th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $5.14 million during the quarter. Equities research analysts forecast that XCHG will post -2.63 earnings per share for the current fiscal year.
XCHG Company Profile
XCHG Limited, operating under the XCharge brand, is an electric vehicle (EV) charging technology company. It develops and supplies high-power direct-current fast-charging systems designed for commercial and passenger EV applications.
The company’s product portfolio includes fast-charging hardware, integrated energy storage and charging systems, and software for managing charging networks. Its solutions are intended to help charging operators, fleet owners, automakers, dealerships and other commercial customers deploy and operate EV charging infrastructure.
Founded in 2015, XCHG serves customers in multiple international markets, including Europe, Asia and North America.
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