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

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

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on HXHX

Haoxin Price Performance

HXHX opened at $0.45 on Friday. The business has a 50 day moving average of $0.51 and a 200-day moving average of $0.56. Haoxin has a 12-month low of $0.33 and a 12-month high of $2.11. 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 (NASDAQ:HXHXGet Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $7.60 million for the quarter.

Institutional Investors Weigh In On Haoxin

A hedge fund recently bought a new stake in Haoxin stock. Marex Group plc bought a new stake in Haoxin Holdings Limited (NASDAQ:HXHXFree Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned approximately 0.20% of Haoxin as of its most recent filing with the SEC.

About Haoxin

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Haoxin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haoxin and related companies with MarketBeat.com's FREE daily email newsletter.