Short Interest in Haoxin Holdings Limited (NASDAQ:HXHX) Declines By 51.9%

Haoxin Holdings Limited (NASDAQ:HXHX) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 88,212 shares, a drop of 51.9% from the April 15th total of 183,548 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 93,521 shares, the days-to-cover ratio is currently 0.9 days.

Haoxin Price Performance

HXHX traded up $0.00 during trading on Friday, hitting $0.45. The company’s stock had a trading volume of 61,286 shares, compared to its average volume of 88,979. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.12. Haoxin has a twelve month low of $0.33 and a twelve month high of $2.11. The business’s fifty day simple moving average is $0.51 and its 200 day simple moving average is $0.55.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Haoxin

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

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.