Short Interest in Zhibao Technology Inc. (NASDAQ:ZBAO) Declines By 55.5%

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 47,382 shares, a drop of 55.5% from the February 26th total of 106,432 shares. Based on an average daily trading volume, of 512,282 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Zhibao Technology Trading Up 3.8%

NASDAQ ZBAO opened at $0.80 on Thursday. Zhibao Technology has a one year low of $0.64 and a one year high of $2.14. The business’s fifty day moving average is $0.89 and its 200-day moving average is $0.96.

Zhibao Technology (NASDAQ:ZBAO) last posted its quarterly earnings results on Friday, January 9th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $9.30 million for the quarter. Equities analysts predict that Zhibao Technology will post 0.06 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Zhibao Technology in a report on Monday, December 29th. One research 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 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.