Short Interest in Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) Drops By 40.9%

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 26,297 shares, a decrease of 40.9% from the June 15th total of 44,498 shares. Based on an average daily volume of 39,114 shares, the short-interest ratio is presently 0.7 days. Currently, 90.7% of the company’s stock are short sold.

Lixiang Education Price Performance

Shares of LXEH traded up $0.05 during midday trading on Friday, reaching $1.48. The stock had a trading volume of 9,328 shares, compared to its average volume of 284,642. The company’s fifty day simple moving average is $1.37 and its two-hundred day simple moving average is $1.82. Lixiang Education has a 1-year low of $0.83 and a 1-year high of $32.80.

Lixiang Education (NASDAQ:LXEH) last issued its earnings results on Tuesday, May 12th. The company reported ($3.59) EPS for the quarter. The company had revenue of $1.13 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lixiang Education stock. XTX Topco Ltd bought a new position in shares of Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,222 shares of the company’s stock, valued at approximately $43,000. XTX Topco Ltd owned approximately 2.58% of Lixiang Education as of its most recent filing with the SEC. 0.51% of the stock is currently owned by institutional investors and hedge funds.

About Lixiang Education

Lixiang Education Holding Co, Ltd. provides primary and middle school education services from grade 1 to grade 9 in the People's Republic of China. As of December 31, 2020, the company operated two campuses, including Baiyun Campus and Yijing Campus. It also engages in the operation of food procurement. The company was formerly known as Lianwai Education Group Limited and changed its name to Lixiang Education Holding Co, Ltd. in May 26, 2020. The company was founded in 2001 and is headquartered in Lishui, the People's Republic of China.