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

Zhibao Technology Inc. (NASDAQ:ZBAO) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 15,800 shares, an increase of 31.7% from the July 15th total of 12,000 shares. Based on an average daily trading volume, of 9,800 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.2% of the company’s shares are short sold.

Zhibao Technology Stock Performance

ZBAO opened at $3.50 on Friday. The company’s 50 day simple moving average is $3.80. Zhibao Technology has a 52-week low of $2.98 and a 52-week high of $5.70.

Zhibao Technology Company Profile

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.