Zhibao Technology Inc. (NASDAQ:ZBAO) Short Interest Update

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 875,931 shares, a growth of 74.0% from the July 30th total of 503,416 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average daily trading volume, of 29,613,272 shares, the days-to-cover ratio is currently 0.0 days.

Zhibao Technology Trading Down 3.9%

ZBAO traded down $0.01 during midday trading on Tuesday, hitting $0.16. The company had a trading volume of 137,088 shares, compared to its average volume of 10,321,069. The firm’s 50-day simple moving average is $0.27 and its 200-day simple moving average is $0.61. Zhibao Technology has a twelve month low of $0.15 and a twelve month high of $1.34.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zhibao Technology in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Zhibao Technology has an average rating of “Sell”.

Zhibao Technology Company Profile

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.