Haoxin Holdings Limited (NASDAQ:HXHX) Short Interest Up 499.8% in February

Haoxin Holdings Limited (NASDAQ:HXHX) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 970,631 shares, an increase of 499.8% from the January 29th total of 161,815 shares. Based on an average daily volume of 7,998,634 shares, the days-to-cover ratio is presently 0.1 days. Approximately 7.1% of the shares of the stock are short sold. Approximately 7.1% of the shares of the stock are short sold. Based on an average daily volume of 7,998,634 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Haoxin

A hedge fund recently bought a new stake in Haoxin stock. Marex Group plc bought a new position in shares of Haoxin Holdings Limited (NASDAQ:HXHX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 filing with the Securities & Exchange Commission.

Haoxin Trading Down 4.0%

HXHX stock traded down $0.02 during trading on Friday, hitting $0.52. 131,292 shares of the stock traded hands, compared to its average volume of 4,146,443. Haoxin has a one year low of $0.33 and a one year high of $6.29. The company has a 50 day simple moving average of $0.56 and a 200 day simple moving average of $0.80.

Haoxin Company Profile

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.