Short Interest in Haoxin Holdings Limited (NASDAQ:HXHX) Expands By 291.0%

Haoxin Holdings Limited (NASDAQ:HXHX) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 412,141 shares, a growth of 291.0% from the July 30th total of 105,398 shares. Based on an average trading volume of 5,014,760 shares, the short-interest ratio is presently 0.1 days. Approximately 3.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Haoxin stock. Marex Group plc acquired a new stake in Haoxin Holdings Limited (NASDAQ:HXHX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 quarter.

Haoxin Stock Up 7.0%

Shares of NASDAQ:HXHX opened at $0.52 on Friday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average is $0.50 and its 200-day moving average is $0.51. Haoxin has a 52-week low of $0.32 and a 52-week high of $1.84.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Haoxin in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Haoxin currently has an average rating of “Sell”.

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.