Pintec Technology Holdings Limited (NASDAQ:PT) Short Interest Down 53.8% in December

Pintec Technology Holdings Limited (NASDAQ:PT) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 3,600 shares, a drop of 53.8% from the November 30th total of 7,800 shares. Based on an average daily trading volume, of 29,900 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Mizuho raised Pintec Technology to a “hold” rating in a report on Monday, October 14th.

Pintec Technology Stock Up 2.2 %

Pintec Technology stock traded up $0.02 during mid-day trading on Friday, hitting $0.93. 28,446 shares of the stock were exchanged, compared to its average volume of 56,287. The firm’s fifty day simple moving average is $0.95 and its two-hundred day simple moving average is $1.00. Pintec Technology has a 12 month low of $0.71 and a 12 month high of $1.27.

Pintec Technology Company Profile

Pintec Technology Holdings Limited, together with its subsidiaries, engages in the provision of technology-enabled financial and digital services to the ecosystem of MSMEs and SMEs in the People’s Republic of China. The company connects business partners and financial partners on its open platform and enables them to provide financial services to end users.