Short Interest in Xinyi Glass (OTCMKTS:XYIGF) Expands By 71.0%

Xinyi Glass (OTCMKTS:XYIGF) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 4,874,906 shares, an increase of 71.0% from the May 14th total of 2,850,793 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Currently, 0.1% of the shares of the stock are sold short.

Xinyi Glass Stock Performance

XYIGF opened at $1.25 on Wednesday. Xinyi Glass has a twelve month low of $0.88 and a twelve month high of $1.55. The company has a 50-day moving average price of $1.28 and a 200 day moving average price of $1.27.

About Xinyi Glass

Xinyi Glass Holdings Limited (OTCMKTS:XYIGF) is a leading manufacturer of glass products serving the architectural, automotive and industrial markets. The company produces a wide range of float glass, energy-efficient coated glass, laminated glass and insulated glass units that are used in commercial and residential buildings, as well as tempered and laminated safety glass for the automotive sector. By leveraging advanced production techniques and stringent quality controls, Xinyi Glass seeks to meet the performance and safety requirements of global building and auto manufacturers.

Founded in 1988 and headquartered in Hong Kong, Xinyi Glass has grown from a regional glass processor into one of the largest float glass producers in Mainland China.