Short Interest in XCHG Limited (NASDAQ:XCH) Decreases By 62.3%

XCHG Limited (NASDAQ:XCH - Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 19,668 shares, a decline of 62.3% from the March 15th total of 52,156 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 44,323 shares, the short-interest ratio is currently 0.4 days.Analyst Ratings ChangesA number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of XCHG to a "hold" rating in a report on Friday, January 23rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of XCHG in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce".Read Our Latest Stock Report on XCHXCHG Trading Down 2.6%XCHG stock opened at $1.13 on Friday. The firm has a 50-day moving average of $1.16 and a 200-day moving average of $1.24. The firm has a market cap of $67.18 million, a P/E ratio of -14.13 and a beta of -0.65. XCHG has a 1-year low of $0.55 and a 1-year high of $2.50. XCHG Company Profile (Get Free Report)XCHG Limited, branded as XCharge, is a company whose subsidiaries design, manufacture, and sell electric vehicle (EV) charging solutions under the X-Charge name in Europe, China, the United States, and other international markets. The company focuses on DC fast-charging infrastructure, including its C6 and C7 series chargers and Net Zero battery-integrated fast-charging systems, and also provides related software upgrades and hardware maintenance services for EV manufacturers, energy companies, and charge point operators.Further ReadingFive stocks we like better than XCHGThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in XCHG Right Now?Before you consider XCHG, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and XCHG wasn't on the list.While XCHG currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here