Short Interest in XCHG Limited (NASDAQ:XCH) Decreases By 93.2%

XCHG Limited (NASDAQ:XCH) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 4,450 shares, a decline of 93.2% from the July 30th total of 65,678 shares. Based on an average trading volume of 2,392,450 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XCHG in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, XCHG has an average rating of “Reduce”.

XCHG Price Performance

Shares of NASDAQ:XCH traded down $0.32 during trading on Tuesday, hitting $4.22. 19,730 shares of the company were exchanged, compared to its average volume of 19,592. XCHG has a 52-week low of $4.01 and a 52-week high of $49.98. The stock has a 50 day moving average of $4,075.92 and a 200 day moving average of $6,635.25. The company has a market cap of $17.22 million, a PE ratio of -52.75 and a beta of -1.01.

XCHG Company Profile

XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.