Zhibao Technology Inc. (NASDAQ:ZBAO – Get Free Report) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 484,060 shares, a drop of 44.7% from the August 15th total of 875,931 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average trading volume of 4,142,928 shares, the days-to-cover ratio is presently 0.1 days.
Zhibao Technology Stock Up 6.3%
Shares of ZBAO opened at $0.11 on Thursday. The stock’s fifty day simple moving average is $0.20 and its 200-day simple moving average is $0.56. Zhibao Technology has a 12-month low of $0.08 and a 12-month high of $1.34.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat, the stock 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.
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