Xinyi Glass Holdings Limited (OTCMKTS:XYIGF) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 1,136,400 shares, a growth of 21.8% from the August 15th total of 933,000 shares. Based on an average trading volume of 81,300 shares, the short-interest ratio is presently 14.0 days.
Shares of Xinyi Glass stock opened at $3.18 on Wednesday. Xinyi Glass has a 12-month low of $1.79 and a 12-month high of $4.37. The firm’s 50-day moving average price is $3.96 and its two-hundred day moving average price is $3.68.
Separately, Zacks Investment Research downgraded shares of Xinyi Glass from a “buy” rating to a “hold” rating in a research note on Wednesday, August 25th.
Xinyi Glass Holdings Limited, an investment holding company, produces and sells automobile, construction, float, and other glass products for commercial and industrial applications. The company operates through three segments: Float Glass, Automobile Glass, and Architectural Glass. It is also involved in the manufacturing and sale of automobile rubber and plastic components, as well as electronic glass; trading of automobile glass; and research and trading of glass.
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