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

Zhibao Technology Inc. (NASDAQ:ZBAO) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 178,000 shares, a growth of 306.4% from the November 30th total of 43,800 shares. Based on an average daily volume of 224,700 shares, the short-interest ratio is currently 0.8 days. Approximately 2.0% of the shares of the stock are sold short.

Zhibao Technology Stock Down 6.0 %

Shares of ZBAO opened at $1.71 on Friday. The stock’s fifty day simple moving average is $2.86 and its 200-day simple moving average is $3.45. Zhibao Technology has a 12-month low of $1.58 and a 12-month 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.