Foxx Development Holdings Inc. (NASDAQ:FOXX) Shares Shorted: Short Interest Down 41.0% in October

by · The Cerbat Gem

Foxx Development Holdings Inc. (NASDAQ:FOXX – Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 8,341 shares, a decline of 41.0% from the September 30th total of 14,140 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 7,184 shares, the short-interest ratio is presently 1.2 days.

Foxx Development Stock Up 1.1%

NASDAQ FOXX traded up $0.02 on Friday, hitting $1.82. 50,205 shares of the stock were exchanged, compared to its average volume of 9,000. The company has a market cap of $12.87 million, a PE ratio of -0.24 and a beta of -0.34. Foxx Development has a fifty-two week low of $1.71 and a fifty-two week high of $7.90. The company has a 50-day moving average price of $2.47 and a 200-day moving average price of $3.65.

Foxx Development (NASDAQ:FOXX – Get Free Report) last issued its quarterly earnings data on Monday, September 28th. The company reported ($1.30) earnings per share (EPS) for the quarter. The business had revenue of $6.98 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Foxx Development from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Get Our Latest Report on Foxx Development

About Foxx Development

(Get Free Report)

Foxx Development Holdings Inc is a consumer electronics and integrated Internet-of-Things solution company catering to both retail and institutional clients. The company currently sells a diverse range of products including mobile phones, tablets and other consumer electronics devices principally in United State and is in the process of developing and distributing end-to-end communication terminals and IoT solutions. Foxx Development Holdings Inc, formerly known as Acri Capital Acquisition Corporation, is based in Austin, TX.

Featured Articles