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

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 77,600 shares, a growth of 16.3% from the February 13th total of 66,700 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 245,600 shares, the days-to-cover ratio is currently 0.3 days.

Zhibao Technology Price Performance

Shares of NASDAQ ZBAO opened at $1.20 on Thursday. The firm has a 50-day simple moving average of $1.43 and a two-hundred day simple moving average of $2.49. Zhibao Technology has a 1 year low of $1.17 and a 1 year 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.