Haoxin Holdings Limited (NASDAQ:HXHX) Sees Significant Drop in Short Interest

Haoxin Holdings Limited (NASDAQ:HXHX) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 94,905 shares, a drop of 90.2% from the February 12th total of 970,631 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 193,283 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 193,283 shares, the short-interest ratio is presently 0.5 days. Approximately 0.7% of the company’s shares are short sold.

Haoxin Price Performance

Haoxin stock traded up $0.01 during trading hours on Tuesday, hitting $0.47. The company had a trading volume of 24,151 shares, compared to its average volume of 4,124,941. The company has a 50-day moving average price of $0.51 and a two-hundred day moving average price of $0.78. Haoxin has a 1 year low of $0.33 and a 1 year high of $6.29.

Institutional Trading of Haoxin

A hedge fund recently bought a new stake in Haoxin stock. Marex Group plc acquired a new position in shares of Haoxin Holdings Limited (NASDAQ:HXHX) during the 2nd quarter, according to its most recent 13F filing with the 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 as of its most recent SEC filing.

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.