Short Interest in Zhibao Technology Inc. (NASDAQ:ZBAO) Declines By 52.9%

Zhibao Technology Inc. (NASDAQ:ZBAO) was the recipient of a significant drop in short interest in December. As of December 31st, there was short interest totalling 83,900 shares, a drop of 52.9% from the December 15th total of 178,000 shares. Based on an average daily trading volume, of 231,200 shares, the short-interest ratio is presently 0.4 days. Currently, 1.0% of the company’s stock are sold short.

Zhibao Technology Price Performance

NASDAQ:ZBAO opened at $1.51 on Wednesday. Zhibao Technology has a one year low of $1.39 and a one year high of $5.70. The firm has a 50-day moving average of $2.44 and a 200-day moving average of $3.23.

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.