Haoxin Holdings Limited (NASDAQ:HXHX) Short Interest Up 291.0% in August

Haoxin Holdings Limited (NASDAQ:HXHX) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 412,141 shares, an increase of 291.0% from the July 30th total of 105,398 shares. Based on an average daily volume of 5,014,760 shares, the short-interest ratio is currently 0.1 days. Currently, 3.4% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Haoxin in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Trading of Haoxin

A hedge fund recently bought a new stake in Haoxin stock. Marex Group plc acquired a new stake in shares of Haoxin Holdings Limited (NASDAQ:HXHX) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned approximately 0.20% of Haoxin at the end of the most recent quarter.

Haoxin Price Performance

Shares of Haoxin stock opened at $0.51 on Thursday. Haoxin has a 12-month low of $0.32 and a 12-month high of $1.84. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average is $0.50 and its 200-day moving average is $0.50.

About Haoxin

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.