Short Interest in Fresh2 Group Limited (NASDAQ:FRES) Declines By 50.0%

Fresh2 Group Limited (NASDAQ:FRES) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 8,600 shares, a drop of 50.0% from the September 30th total of 17,200 shares. Based on an average trading volume of 38,200 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised shares of Fresh2 Group to a “strong-buy” rating in a report on Thursday, August 8th.

Fresh2 Group Price Performance

Shares of NASDAQ FRES traded up $0.03 during midday trading on Friday, hitting $1.64. 6,558 shares of the stock traded hands, compared to its average volume of 26,444. Fresh2 Group has a one year low of $1.11 and a one year high of $18.00. The firm has a 50-day moving average of $1.64 and a two-hundred day moving average of $2.83.

Fresh2 Group Company Profile

Fresh2 Group Limited, a biotechnology company, researches, develops, markets, and sells multi-cancer screening and detection tests using cancer differentiation analysis technology and device to corporations and life insurance companies in the People’s Republic of China. It also offers physical checkup packages, as well as technology services comprising market research, designing, coding, developing, testing, etc.