Pintec Technology Holdings Limited (NASDAQ:PT) Sees Large Decline in Short Interest

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

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on Pintec Technology

Pintec Technology Stock Up 2.2 %

PT traded up $0.02 during midday trading on Friday, reaching $0.93. The company had a trading volume of 28,446 shares, compared to its average volume of 56,287. The business has a 50-day moving average price of $0.95 and a two-hundred day moving average price of $1.00. Pintec Technology has a 12-month low of $0.71 and a 12-month high of $1.27.

About Pintec Technology

(Get Free Report)

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.

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