Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) Short Interest Down 40.9% in June

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEHGet Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 26,297 shares, a decrease of 40.9% from the June 15th total of 44,498 shares. Based on an average daily volume of 39,114 shares, the short-interest ratio is currently 0.7 days. Currently, 90.7% of the company’s stock are short sold.

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) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 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. Institutional investors and hedge funds own 0.51% of the company’s stock.

Lixiang Education Stock Down 0.6%

NASDAQ LXEH traded down $0.01 during trading hours on Thursday, hitting $1.40. The company had a trading volume of 19,253 shares, compared to its average volume of 286,680. The firm’s 50 day moving average is $1.36 and its 200 day moving average is $1.83. Lixiang Education has a fifty-two week low of $0.83 and a fifty-two week high of $32.80.

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

Lixiang Education Company Profile

(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.

Further Reading

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