Xinyi Solar Holdings Limited (OTCMKTS:XNYIF) Short Interest Down 78.8% in August

Xinyi Solar Holdings Limited (OTCMKTS:XNYIF) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 3,394,100 shares, a drop of 78.8% from the August 15th total of 15,994,900 shares. Based on an average daily volume of 5,900 shares, the short-interest ratio is currently 575.3 days.

Separately, JPMorgan Chase & Co. raised shares of Xinyi Solar from a “neutral” rating to an “overweight” rating in a report on Thursday, August 5th.

Shares of OTCMKTS XNYIF traded up $0.06 during midday trading on Wednesday, hitting $2.32. The company’s stock had a trading volume of 41,192 shares, compared to its average volume of 15,925. Xinyi Solar has a 1-year low of $1.25 and a 1-year high of $3.88. The firm’s fifty day moving average price is $2.12 and its 200-day moving average price is $1.90.

About Xinyi Solar

Xinyi Solar Holdings Limited, an investment holding company, produces and sells solar glass products in the People's Republic of China, Malaysia, and internationally. It operates through three segments: Sales of Solar Glass; Solar Farm Business; and Engineering, Procurement and Construction Services.

Recommended Story: Momentum Indicators

Receive News & Ratings for Xinyi Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xinyi Solar and related companies with MarketBeat.com's FREE daily email newsletter.