Haoxin Holdings Limited (NASDAQ:HXHX – Get Free Report) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 412,141 shares, an increase of 291.0% from the July 30th total of 105,398 shares. Based on an average daily volume of 5,014,760 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.4% of the company’s stock are short sold.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Haoxin stock. Marex Group plc bought a new stake in shares of Haoxin Holdings Limited (NASDAQ:HXHX – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned about 0.20% of Haoxin at the end of the most recent reporting period.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Haoxin in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Haoxin currently has an average rating of “Sell”.
Haoxin Stock Performance
HXHX traded up $0.01 during trading on Friday, reaching $0.50. 33,661 shares of the stock traded hands, compared to its average volume of 1,758,105. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.37 and a current ratio of 2.37. The stock’s 50-day moving average is $0.50 and its 200 day moving average is $0.51. Haoxin has a 12 month low of $0.32 and a 12 month high of $1.84.
About Haoxin
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.
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