Short Interest in Pintec Technology Holdings Limited (NASDAQ:PT) Declines By 28.5%

Pintec Technology Holdings Limited (NASDAQ:PT) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 10,300 shares, a decrease of 28.5% from the October 31st total of 14,400 shares. Based on an average trading volume of 24,100 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

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

Pintec Technology Price Performance

Shares of PT stock remained flat at $0.96 during mid-day trading on Friday. 8,915 shares of the stock traded hands, compared to its average volume of 58,429. The stock’s 50-day moving average price is $0.97 and its two-hundred day moving average price is $1.02. Pintec Technology has a twelve month low of $0.71 and a twelve month high of $1.27.

About Pintec Technology

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.