Short Interest in Texxon Holding Limited (NASDAQ:NPT) Rises By 997.6%

Texxon Holding Limited (NASDAQ:NPT) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 82,514 shares, a growth of 997.6% from the May 31st total of 7,518 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 13,216,984 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Texxon from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Texxon Stock Down 4.3%

NASDAQ NPT opened at $2.25 on Friday. The firm’s fifty day simple moving average is $2.09 and its two-hundred day simple moving average is $5.67. Texxon has a 12-month low of $1.14 and a 12-month high of $22.38.

About Texxon

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.