Short Interest in Zhibao Technology Inc. (NASDAQ:ZBAO) Increases By 17,506.8%
by Sarita Garza · The Markets DailyZhibao Technology Inc. (NASDAQ:ZBAO – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 236,811 shares, a growth of 17,506.8% from the March 31st total of 1,345 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 317,744 shares, the short-interest ratio is currently 0.7 days.
Zhibao Technology Stock Performance
Shares of NASDAQ:ZBAO traded up $0.01 during midday trading on Friday, hitting $0.73. 66,981 shares of the stock traded hands, compared to its average volume of 190,015. The business’s 50 day moving average is $0.84 and its two-hundred day moving average is $0.92. Zhibao Technology has a one year low of $0.61 and a one year high of $1.35.
Zhibao Technology (NASDAQ:ZBAO – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.01) EPS for the quarter. The firm had revenue of $14.72 million for the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zhibao Technology in a research note on Friday, April 10th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on ZBAO
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.