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

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 83,900 shares, a decrease of 52.9% from the December 15th total of 178,000 shares. Based on an average daily volume of 231,200 shares, the days-to-cover ratio is currently 0.4 days. Approximately 1.0% of the shares of the company are sold short.

Zhibao Technology Stock Performance

NASDAQ ZBAO opened at $1.47 on Thursday. The firm has a 50-day moving average of $2.40 and a 200-day moving average of $3.21. Zhibao Technology has a 52-week low of $1.39 and a 52-week high of $5.70.

About Zhibao Technology

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.