Short Interest in Uxin Limited Sponsored ADR (NASDAQ:UXIN) Grows By 62.8%

Uxin Limited Sponsored ADR (NASDAQ:UXIN) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 675,922 shares, a growth of 62.8% from the June 30th total of 415,067 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 513,767 shares, the short-interest ratio is presently 1.3 days.

Analysts Set New Price Targets

A number of research firms have commented on UXIN. Weiss Ratings restated a “sell (e+)” rating on shares of Uxin in a research note on Wednesday, July 8th. Wall Street Zen downgraded Uxin from a “hold” rating to a “sell” rating in a research note on Saturday, June 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.50.

Uxin Stock Up 0.7%

Shares of UXIN stock opened at $1.40 on Friday. Uxin has a twelve month low of $1.25 and a twelve month high of $4.50. The stock’s fifty day simple moving average is $1.83 and its 200 day simple moving average is $2.73. The firm has a market capitalization of $303.02 million, a P/E ratio of -6.67 and a beta of 0.85.

About Uxin

Uxin Limited is a China-based online and offline used car e-commerce platform that connects vehicle buyers and sellers through an integrated digital marketplace. Headquartered in Beijing, the company operates a network of physical used-car malls alongside its proprietary online platform, enabling customers to browse, inspect and purchase pre-owned vehicles with transparency and convenience.

The company’s core business activities encompass sourcing, quality assurance and distribution of used vehicles.