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Zhibao Technology Inc. (NASDAQ:ZBAO) Sees Large Growth in Short Interest


Zhibao Technology Inc. (NASDAQ:ZBAO) Sees Large Growth in Short Interest

Zhibao Technology Inc. (NASDAQ:ZBAO - Get Free Report) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 43,800 shares, a growth of 30.7% from the November 15th total of 33,500 shares. Based on an average daily volume of 213,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.5% of the company's shares are sold short.

ZBAO opened at $2.53 on Friday. The stock has a fifty day simple moving average of $3.21 and a two-hundred day simple moving average of $3.61. Zhibao Technology has a 12-month low of $2.05 and a 12-month high of $5.70.

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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