Xinyi Solar Holdings Limited (OTCMKTS:XNYIF) Short Interest Update

Xinyi Solar Holdings Limited (OTCMKTS:XNYIF) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 10,088,657 shares, a drop of 35.6% from the August 31st total of 15,669,283 shares. Based on an average trading volume of 1,220 shares, the short-interest ratio is presently 8,269.4 days.

Xinyi Solar Price Performance

Shares of XNYIF opened at $0.24 on Friday. The business’s 50 day moving average is $0.28 and its 200 day moving average is $0.32. Xinyi Solar has a 12-month low of $0.22 and a 12-month high of $0.52.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Xinyi Solar from a “neutral” rating to a “buy” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Xinyi Solar Company Profile

Xinyi Solar Holdings Limited is a China-based renewable-energy company focused primarily on the manufacture and sale of solar photovoltaic (PV) glass. Its products include ultra-clear patterned glass and other specialized glass products used in solar modules, where they help protect photovoltaic cells while allowing sunlight to pass through efficiently.

The company also develops, constructs, owns and operates solar power projects. Through these activities, Xinyi Solar participates in multiple stages of the solar-energy value chain, including PV glass production, solar-farm development and electricity generation.