Wellchange Holdings Company Limited’s (NASDAQ:WCT) Lock-Up Period Will Expire Tomorrow

Wellchange’s (NASDAQ:WCT) lock-up period will expire on Monday, March 31st. Wellchange had issued 2,000,000 shares in its IPO on October 2nd. The total size of the offering was $8,000,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Wellchange Price Performance

WCT stock opened at $0.19 on Friday. Wellchange has a 1-year low of $0.17 and a 1-year high of $9.36. The stock has a 50-day simple moving average of $1.74.

Hedge Funds Weigh In On Wellchange

An institutional investor recently bought a new position in Wellchange stock. Renaissance Technologies LLC purchased a new position in Wellchange Holdings Company Limited (NASDAQ:WCT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 42,400 shares of the company’s stock, valued at approximately $41,000. Renaissance Technologies LLC owned 0.20% of Wellchange at the end of the most recent quarter.

Wellchange Company Profile

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services.