Haoxin Holdings Limited (NASDAQ:HXHX) Short Interest Up 306.8% in January

Haoxin Holdings Limited (NASDAQ:HXHX) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 226,501 shares, an increase of 306.8% from the December 31st total of 55,676 shares. Approximately 1.6% of the shares of the company are short sold. Based on an average trading volume of 994,678 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 994,678 shares, the short-interest ratio is presently 0.2 days. Approximately 1.6% of the shares of the company are short sold.

Haoxin Trading Up 2.0%

Shares of NASDAQ HXHX traded up $0.01 during mid-day trading on Wednesday, hitting $0.49. The company had a trading volume of 13,263 shares, compared to its average volume of 593,043. Haoxin has a 12 month low of $0.33 and a 12 month high of $6.29. The firm’s 50 day simple moving average is $0.57 and its two-hundred day simple moving average is $0.93.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Haoxin in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Haoxin

An institutional investor recently bought a new position in Haoxin stock. Marex Group plc purchased a new position in shares of Haoxin Holdings Limited (NASDAQ:HXHX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned about 0.20% of Haoxin as of its most recent filing with the Securities & Exchange Commission.

Haoxin Company Profile

We are a provider of temperature-controlled truckload service and urban delivery services in China with over 21 years of experience in the transportation industry. We started our urban delivery service business in 2003 and started expanding our business into temperature-controlled truckload service in 2016. We currently conduct all of our operations through our subsidiaries, Ningbo Haoxin, Zhejiang Haoxin, Longanda and Haiyue, and have experienced a steady growth in our business in recent years. The goods we take charge of transporting focus on factory logistics, which include electronic devices, chemicals, fruit, food and commercial goods.