Wellchange Holdings Company Limited’s (NASDAQ:WCT) Lock-Up Period Will Expire Tomorrow

Wellchange’s (NASDAQ:WCT) lock-up period will expire on Monday, March 31st. Wellchange had issued 2,000,000 shares in its initial public offering on October 2nd. The total size of the offering was $8,000,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Wellchange Price Performance

Shares of NASDAQ WCT opened at $0.19 on Friday. Wellchange has a 52 week low of $0.17 and a 52 week high of $9.36. The firm has a 50 day moving average price of $1.74.

Hedge Funds Weigh In On Wellchange

A hedge fund recently bought a new stake in Wellchange stock. Renaissance Technologies LLC acquired a new position in shares of Wellchange Holdings Company Limited (NASDAQ:WCT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 42,400 shares of the company’s stock, valued at approximately $41,000. Renaissance Technologies LLC owned 0.20% of Wellchange as of its most recent SEC filing.

About Wellchange

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services.