Cheche Group Inc. (NASDAQ:CCG) Short Interest Update

Cheche Group Inc. (NASDAQ:CCG - Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 110,300 shares, an increase of 89.8% from the September 30th total of 58,100 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 408,000 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 408,000 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the shares of the company are sold short.Wall Street Analysts Forecast GrowthA number of equities research analysts recently commented on CCG shares. Weiss Ratings restated a "sell (e+)" rating on shares of Cheche Group in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Cheche Group to a "hold" rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Cheche Group presently has an average rating of "Sell".Get Our Latest Stock Analysis on Cheche GroupCheche Group Stock PerformanceCheche Group stock remained flat at $1.05 during mid-day trading on Friday. 107,477 shares of the company's stock were exchanged, compared to its average volume of 379,582. Cheche Group has a 12 month low of $0.71 and a 12 month high of $1.54. The stock has a market capitalization of $68.30 million, a PE ratio of -9.55 and a beta of 0.44. About Cheche Group (Get Free Report)Cheche Group Inc offer auto insurance technology platform. The company evolved into a comprehensive, data-driven technology platform which offers a full suite of services and products for digital insurance transactions and insurance SaaS solutions principally in China. Cheche Group Inc, formerly known as Prime Impact, is headquartered in Beijing, China.Featured ArticlesFive stocks we like better than Cheche GroupHow to Use the MarketBeat Stock Screener Why Chipotle Stock May Bounce After a Brutal Sell-OffWhat is MarketRank™? How to Use itWhy VGT May Be a Smarter Bet Than Chasing Individual Tech StocksHow to Invest in Blue Chip StocksEquinix Stock Rises Despite Lower Revenue GuidanceThis 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 Cheche Group Right Now?Before you consider Cheche Group, 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 Cheche Group wasn't on the list.While Cheche Group currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here