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.
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.
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