Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) Sees Large Decrease in Short Interest

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 2,798 shares, a decline of 93.8% from the April 15th total of 45,287 shares. Based on an average trading volume of 53,805 shares, the days-to-cover ratio is presently 0.1 days. Approximately 9.6% of the shares of the company are sold short.

Lixiang Education Stock Performance

LXEH traded down $0.03 during trading on Tuesday, hitting $1.05. The stock had a trading volume of 17,371 shares, compared to its average volume of 145,570. The company has a 50 day moving average price of $1.87 and a 200-day moving average price of $2.56. Lixiang Education has a one year low of $0.83 and a one year high of $32.80.

Institutional Investors Weigh In On Lixiang Education

A hedge fund recently bought a new stake in Lixiang Education stock. XTX Topco Ltd bought a new stake in shares of Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,222 shares of the company’s stock, valued at approximately $43,000. XTX Topco Ltd owned approximately 2.58% of Lixiang Education at the end of the most recent reporting period. 0.51% of the stock is owned by hedge funds and other institutional investors.

About Lixiang Education

Lixiang Education Holding Co, Ltd. provides primary and middle school education services from grade 1 to grade 9 in the People's Republic of China. As of December 31, 2020, the company operated two campuses, including Baiyun Campus and Yijing Campus. It also engages in the operation of food procurement. The company was formerly known as Lianwai Education Group Limited and changed its name to Lixiang Education Holding Co, Ltd. in May 26, 2020. The company was founded in 2001 and is headquartered in Lishui, the People's Republic of China.