Short Interest in Haoxin Holdings Limited (NASDAQ:HXHX) Grows By 701.4%
by Teresa Graham · The Cerbat GemHaoxin Holdings Limited (NASDAQ:HXHX – Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 682,335 shares, an increase of 701.4% from the March 15th total of 85,143 shares. Currently, 5.0% of the company’s stock are short sold. Based on an average daily volume of 1,677,193 shares, the days-to-cover ratio is presently 0.4 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Haoxin in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
Read Our Latest Report on HXHX
Haoxin Stock Performance
Shares of HXHX traded down $0.02 on Friday, reaching $0.52. 43,212 shares of the company’s stock traded hands, compared to its average volume of 1,102,714. The stock’s 50 day simple moving average is $0.48 and its two-hundred day simple moving average is $0.68. Haoxin has a 52-week low of $0.33 and a 52-week high of $6.29.
Hedge Funds Weigh In On Haoxin
A hedge fund recently bought a new stake in Haoxin stock. Marex Group plc acquired a new stake in shares of Haoxin Holdings Limited (NASDAQ:HXHX – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned 0.20% of Haoxin at the end of the most recent quarter.
About Haoxin
We are a provider of temperature-controlled truckload service and urban delivery services in China with over 21 years of experience in the transportation industry. We started our urban delivery service business in 2003 and started expanding our business into temperature-controlled truckload service in 2016. We currently conduct all of our operations through our subsidiaries, Ningbo Haoxin, Zhejiang Haoxin, Longanda and Haiyue, and have experienced a steady growth in our business in recent years. The goods we take charge of transporting focus on factory logistics, which include electronic devices, chemicals, fruit, food and commercial goods.