Short Interest in Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) Rises By 1,109.9%

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEHGet Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 33,854 shares, an increase of 1,109.9% from the April 30th total of 2,798 shares. Currently, 116.7% of the shares of the company are sold short. Based on an average daily volume of 87,938 shares, the short-interest ratio is presently 0.4 days.

Lixiang Education Price Performance

Shares of LXEH stock traded down $0.02 during midday trading on Thursday, reaching $1.51. 3,820 shares of the company traded hands, compared to its average volume of 132,415. Lixiang Education has a 1-year low of $0.83 and a 1-year high of $32.80. The firm’s 50 day simple moving average is $1.64 and its two-hundred day simple moving average is $2.27.

Lixiang Education (NASDAQ:LXEHGet Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($3.59) EPS for the quarter. The company had revenue of $1.13 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lixiang Education stock. XTX Topco Ltd purchased a new stake in Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEHFree Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 30,222 shares of the company’s stock, valued at approximately $43,000. XTX Topco Ltd owned about 2.58% of Lixiang Education as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.51% of the company’s stock.

About Lixiang Education

(Get Free Report)

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.

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