Wellchange Holdings Company Limited’s (NASDAQ:WCT) Lock-Up Period To Expire on March 31st

Wellchange’s (NASDAQ:WCT) lock-up period is set to expire on Monday, March 31st. Wellchange had issued 2,000,000 shares in its public offering on October 2nd. The total size of the offering was $8,000,000 based on an initial share price of $4.00. After the end of Wellchange’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Wellchange Price Performance

WCT opened at $0.24 on Monday. Wellchange has a fifty-two week low of $0.22 and a fifty-two week high of $9.36. The firm’s 50-day moving average is $1.89.

Institutional Investors Weigh In On Wellchange

An institutional investor recently bought a new position in Wellchange stock. Renaissance Technologies LLC acquired a new stake in shares of Wellchange Holdings Company Limited (NASDAQ:WCT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,400 shares of the company’s stock, valued at approximately $41,000. Renaissance Technologies LLC owned 0.20% of Wellchange at the end of the most recent quarter.

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.