Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) Sees Large Drop in Short Interest

Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 89,859 shares, a drop of 60.0% from the May 31st total of 224,829 shares. Currently, 8.5% of the shares of the stock are sold short. Based on an average daily volume of 3,255,703 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Eason Technology stock. SmartHarvest Portfolios LLC lifted its holdings in shares of Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) by 327.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,924 shares of the company’s stock after purchasing an additional 45,907 shares during the quarter. SmartHarvest Portfolios LLC owned about 2.06% of Eason Technology worth $49,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.88% of the company’s stock.

Eason Technology Price Performance

NYSEAMERICAN:DXF traded up $0.00 on Monday, reaching $0.38. The stock had a trading volume of 460,015 shares, compared to its average volume of 2,570,688. Eason Technology has a 12-month low of $0.32 and a 12-month high of $6.71. The firm’s fifty day moving average is $0.66 and its two-hundred day moving average is $1.10.

Eason Technology (NYSEAMERICAN:DXF) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.42 EPS for the quarter. The firm had revenue of $0.28 million for the quarter.

Eason Technology Company Profile

Dunxin Financial Holdings Limited, together with its subsidiaries, engages in the microfinance lending business in the People's Republic of China. It offers consumer, commercial, collateral-backed, and enterprise loans to micro sized enterprises, SMEs, sole proprietors, and individuals. The company is headquartered in Wuhan, China.