Texxon Holding Limited (NASDAQ:NPT) Sees Large Drop in Short Interest

Texxon Holding Limited (NASDAQ:NPT) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 27,466 shares, a decrease of 66.7% from the June 15th total of 82,514 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 141,821 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NPT shares. Wall Street Zen raised shares of Texxon from a “sell” rating to a “hold” rating in a research note on Sunday. Weiss Ratings restated a “sell (e)” rating on shares of Texxon in a research note on Monday, June 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Texxon Price Performance

Shares of NASDAQ:NPT opened at $2.70 on Monday. Texxon has a 1 year low of $1.14 and a 1 year high of $22.38. The business’s 50 day simple moving average is $1.95 and its 200 day simple moving average is $5.46.

Texxon (NASDAQ:NPT) last posted its quarterly earnings results on Tuesday, June 30th. The company reported ($0.02) EPS for the quarter. The company had revenue of $163.50 million during the quarter.

Texxon Company Profile

Texxon Holding Limited is a provider of supply chain management services in the plastics and chemical industries principally in East China. Texxon Holding Limited is based in Shanghai, China.