Short Interest in Haoxin Holdings Limited (NASDAQ:HXHX) Expands By 103.7%

Haoxin Holdings Limited (NASDAQ:HXHX) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 155,148 shares, a growth of 103.7% from the May 31st total of 76,166 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 7,787,930 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Haoxin from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Haoxin presently has an average rating of “Sell”.

Haoxin Trading Up 7.8%

HXHX stock traded up $0.03 during midday trading on Wednesday, hitting $0.48. 621,422 shares of the company traded hands, compared to its average volume of 1,894,891. Haoxin has a twelve month low of $0.32 and a twelve month high of $1.84. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.12. The business has a 50 day simple moving average of $0.50 and a 200-day simple moving average of $0.52.

Haoxin (NASDAQ:HXHX) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.08 EPS for the quarter. The firm had revenue of $7.60 million during the quarter.

About Haoxin

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.