Xtep International Holdings Ltd. (OTCMKTS:XTEPY) Short Interest Down 44.0% in June

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 108 shares, a decrease of 44.0% from the May 31st total of 193 shares. Based on an average daily volume of 18 shares, the days-to-cover ratio is presently 6.0 days. Approximately 0.0% of the shares of the stock are sold short.

Xtep International Stock Performance

Shares of Xtep International stock opened at $48.63 on Wednesday. Xtep International has a twelve month low of $48.63 and a twelve month high of $84.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.37. The business has a 50-day moving average price of $54.24 and a 200-day moving average price of $61.88.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Xtep International to a “hold” rating in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Xtep International has an average rating of “Hold”.

Xtep International Company Profile

Xtep International Holdings Limited engages in the design, development, manufacture, sale, and marketing and brand management of sports footwear, apparel, and accessories. The company sells its products primarily under the XTEP brand, as well as Palladium, K-Swiss, Saucony, and Merrell brand names. It is also involved in the trading of sportswear products. As of March 18, 2021, the company managed an extensive distribution network with exclusive distributors that operated approximately 6,000 stores covering 31 provinces, autonomous regions, and municipalities in the People's Republic of China and internationally.