Texxon Holding Limited (NASDAQ:NPT) Short Interest Down 63.3% in July

Texxon Holding Limited (NASDAQ:NPT) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 9,432 shares, a decline of 63.3% from the July 15th total of 25,679 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 31,212 shares, the days-to-cover ratio is currently 0.3 days.

Texxon Stock Performance

NASDAQ:NPT traded up $0.03 during mid-day trading on Friday, reaching $3.62. The stock had a trading volume of 5,663 shares, compared to its average volume of 1,585,796. The stock has a 50-day simple moving average of $2.80 and a two-hundred day simple moving average of $5.03. Texxon has a 12 month low of $1.14 and a 12 month high of $22.38.

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

Analyst Ratings Changes

NPT has been the topic of a number of recent research reports. Wall Street Zen raised shares of Texxon from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings raised shares of Texxon from a “sell (e)” rating to a “sell (d-)” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Texxon currently has an average rating of “Sell”.

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.