Haoxin Holdings Limited (NASDAQ:HXHX – Get Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 19,266 shares, a drop of 95.3% from the August 15th total of 412,141 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 217,914 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of Haoxin
An institutional investor recently bought a new stake in Haoxin stock. Marex Group plc purchased a new stake in Haoxin Holdings Limited (NASDAQ:HXHX – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned approximately 0.20% of Haoxin as of its most recent SEC filing.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d)” rating on shares of Haoxin in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Haoxin has an average rating of “Sell”.
Haoxin Trading Down 1.1%
NASDAQ:HXHX traded down $0.01 on Friday, hitting $0.47. 6,303 shares of the company’s stock were exchanged, compared to its average volume of 1,670,672. The firm has a 50-day moving average price of $0.51 and a 200-day moving average price of $0.50. Haoxin has a 52 week low of $0.32 and a 52 week 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.
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.
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