Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) Sees Significant Growth in Short Interest

Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 253,530 shares, a growth of 352.8% from the July 15th total of 55,989 shares. Currently, 23.9% of the company’s shares are short sold. Based on an average daily volume of 2,336,248 shares, the days-to-cover ratio is presently 0.1 days.

Eason Technology Stock Performance

Eason Technology stock traded up $0.03 during trading hours on Wednesday, reaching $0.56. 1,080,608 shares of the company’s stock traded hands, compared to its average volume of 4,067,984. Eason Technology has a fifty-two week low of $0.32 and a fifty-two week high of $6.71. The firm’s 50 day moving average is $0.54 and its 200-day moving average is $0.78.

Hedge Funds Weigh In On Eason Technology

A hedge fund recently raised its position in Eason Technology stock. SmartHarvest Portfolios LLC lifted its stake in Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) by 327.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,924 shares of the company’s stock after purchasing an additional 45,907 shares during the period. SmartHarvest Portfolios LLC owned 2.06% of Eason Technology worth $49,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.88% of the company’s stock.

About Eason Technology

Dunxin Financial Holdings Limited, together with its subsidiaries, engages in the microfinance lending business in the People's Republic of China. It offers consumer, commercial, collateral-backed, and enterprise loans to micro sized enterprises, SMEs, sole proprietors, and individuals. The company is headquartered in Wuhan, China.