Cheche Group Inc. (NASDAQ:CCG) Short Interest Down 43.9% in February

Cheche Group Inc. (NASDAQ:CCG) was the recipient of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 133,207 shares, a decrease of 43.9% from the January 29th total of 237,527 shares. Based on an average daily volume of 95,513 shares, the short-interest ratio is currently 1.4 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 95,513 shares, the short-interest ratio is currently 1.4 days.

Cheche Group Trading Down 1.0%

Shares of NASDAQ CCG traded down $0.01 during midday trading on Monday, reaching $0.79. 5,797 shares of the company were exchanged, compared to its average volume of 81,113. Cheche Group has a one year low of $0.71 and a one year high of $1.54. The company’s 50-day moving average price is $0.82. The stock has a market capitalization of $51.40 million, a PE ratio of -7.18 and a beta of 0.45.

Hedge Funds Weigh In On Cheche Group

A hedge fund recently bought a new stake in Cheche Group stock. Centiva Capital LP purchased a new stake in shares of Cheche Group Inc. (NASDAQ:CCG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,244 shares of the company’s stock, valued at approximately $27,000. 19.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cheche Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Cheche Group

Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.