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

Zhibao Technology Inc. (NASDAQ:ZBAO) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 94,900 shares, an increase of 24.4% from the March 15th total of 76,300 shares. Based on an average daily trading volume, of 122,800 shares, the short-interest ratio is presently 0.8 days. Approximately 1.1% of the company’s stock are sold short.

Zhibao Technology Trading Down 8.7 %

Shares of ZBAO opened at $0.93 on Monday. The business’s 50-day moving average is $1.25 and its 200-day moving average is $2.05. Zhibao Technology has a fifty-two week low of $0.85 and a fifty-two 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.