Foxx Development Holdings Inc. (NASDAQ:FOXX) Shares Shorted: Short Interest Down 78.5% in October

Foxx Development Holdings Inc. (NASDAQ:FOXX) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 1,794 shares, a decline of 78.5% from the October 15th total of 8,341 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 13,791 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Foxx Development from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Foxx Development presently has a consensus rating of “Sell”.

Foxx Development Stock Performance

FOXX stock traded up $0.01 during trading on Friday, hitting $1.32. 5,491 shares of the company’s stock traded hands, compared to its average volume of 475,196. Foxx Development has a 52 week low of $1.21 and a 52 week high of $7.90. The stock has a market capitalization of $9.37 million, a price-to-earnings ratio of -0.18 and a beta of -0.26. The business has a fifty day simple moving average of $2.26 and a 200 day simple moving average of $3.53.

Foxx Development Company Profile

Foxx Development Holdings Inc. is a consumer electronics and integrated Internet-of-Things solution company catering to both retail and institutional clients. The company currently sells a diverse range of products including mobile phones, tablets and other consumer electronics devices principally in United State and is in the process of developing and distributing end-to-end communication terminals and IoT solutions. Foxx Development Holdings Inc., formerly known as Acri Capital Acquisition Corporation, is based in Austin, TX.