Texxon Holding Limited (NASDAQ:NPT) Short Interest Down 95.9% in May

Texxon Holding Limited (NASDAQ:NPT) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 5,081 shares, a decline of 95.9% from the April 30th total of 122,923 shares. Based on an average daily volume of 99,712 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Texxon from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Texxon Stock Down 2.3%

Shares of NPT stock traded down $0.03 during trading on Friday, reaching $1.25. The company’s stock had a trading volume of 39,301 shares, compared to its average volume of 66,308. The firm’s fifty day moving average is $4.41. Texxon has a one year low of $1.14 and a one year high of $22.38.

About Texxon

Texxon Holding Limited is a provider of supply chain management services in the plastics and chemical industries principally in East China. Texxon Holding Limited is based in Shanghai, China.