Cheche Group Inc. (NASDAQ:CCG) Short Interest Down 96.9% in July

Cheche Group Inc. (NASDAQ:CCG) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 4,176 shares, a decline of 96.9% from the July 15th total of 136,731 shares. Based on an average trading volume of 13,746 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cheche Group in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Cheche Group currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Cheche Group stock. Centiva Capital LP acquired a new position in Cheche Group Inc. (NASDAQ:CCG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 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.

Cheche Group Stock Up 2.8%

NASDAQ CCG traded up $0.38 during mid-day trading on Wednesday, reaching $14.31. The stock had a trading volume of 4,804 shares, compared to its average volume of 5,111. The stock has a market cap of $28.28 million, a PE ratio of -5.11 and a beta of 0.18. Cheche Group has a 1 year low of $10.20 and a 1 year high of $53.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.23 and a quick ratio of 1.23. The company has a fifty day moving average price of $14.93 and a 200 day moving average price of $22.14.

Cheche Group Company Profile

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.