Leju Holdings Limited (NYSE:LEJU) Short Interest Down 92.8% in May

Leju Holdings Limited (NYSE:LEJU – Get Rating) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 4,200 shares, a drop of 92.8% from the April 30th total of 58,500 shares. Based on an average daily volume of 54,800 shares, the days-to-cover ratio is currently 0.1 days.

Shares of NYSE LEJU traded down $0.13 during mid-day trading on Friday, reaching $4.03. 19,626 shares of the company’s stock traded hands, compared to its average volume of 37,000. The business has a 50-day simple moving average of $5.27 and a 200 day simple moving average of $7.12. Leju has a 1-year low of $2.80 and a 1-year high of $22.90.

Separately, StockNews.com started coverage on shares of Leju in a report on Saturday, May 21st. They set a “buy” rating for the company.

An institutional investor recently bought a new position in Leju stock. Envestnet Asset Management Inc. purchased a new stake in shares of Leju Holdings Limited (NYSE:LEJU – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 40,816 shares of the financial services provider’s stock, valued at approximately $37,000. Hedge funds and other institutional investors own 57.69% of the company’s stock.

Leju Company Profile (Get Rating)

Leju Holdings Limited, through its subsidiaries, provides online to offline (O2O) real estate services in the People's Republic of China. It offers real estate e-commerce, online advertising, and online listing services through its online platform, which comprises websites covering 401 cities and various mobile applications.

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