Haoxin Holdings Limited (NASDAQ:HXHX) Sees Significant Growth in Short Interest
by Michael Walen · The Markets DailyHaoxin Holdings Limited (NASDAQ:HXHX – Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 682,335 shares, a growth of 701.4% from the March 15th total of 85,143 shares. Based on an average daily trading volume, of 1,677,193 shares, the short-interest ratio is presently 0.4 days. Approximately 5.0% of the shares of the company are short sold.
Haoxin Trading Down 3.5%
Shares of HXHX stock traded down $0.02 during trading hours on Friday, hitting $0.52. The stock had a trading volume of 43,212 shares, compared to its average volume of 1,102,714. The stock’s 50-day moving average price is $0.48 and its two-hundred day moving average price is $0.68. Haoxin has a one year low of $0.33 and a one year high of $6.29.
Institutional Investors Weigh In On Haoxin
A hedge fund recently bought a new stake in Haoxin stock. Marex Group plc purchased a new stake in Haoxin Holdings Limited (NASDAQ:HXHX – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned about 0.20% of Haoxin as of its most recent SEC filing.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Haoxin in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.
View Our Latest Analysis on HXHX
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.