Foxx Development Holdings Inc. (NASDAQ:FOXX) Stock Short Interest Falls 78.5%

Foxx Development Holdings Inc. (NASDAQ:FOXX) saw a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 1,794 shares, a decrease of 78.5% from the October 15th total of 8,341 shares. Based on an average daily volume of 13,791 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Foxx Development from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Foxx Development has an average rating of “Sell”.

Foxx Development Stock Down 4.7%

Shares of Foxx Development stock opened at $1.30 on Thursday. The stock’s fifty day moving average is $2.28 and its two-hundred day moving average is $3.55. Foxx Development has a 52 week low of $1.28 and a 52 week high of $7.90. The company has a market capitalization of $9.23 million, a PE ratio of -0.17 and a beta of -0.26.

Foxx Development Company Profile

Foxx Development Holdings Inc. is a consumer electronics and integrated Internet-of-Things solution company catering to both retail and institutional clients. The company currently sells a diverse range of products including mobile phones, tablets and other consumer electronics devices principally in United State and is in the process of developing and distributing end-to-end communication terminals and IoT solutions. Foxx Development Holdings Inc., formerly known as Acri Capital Acquisition Corporation, is based in Austin, TX.