Haoxin Holdings Limited (NASDAQ:HXHX) Short Interest Update

Haoxin Holdings Limited (NASDAQ:HXHX) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 87,367 shares, a drop of 43.7% from the June 15th total of 155,148 shares. Based on an average daily volume of 1,655,223 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Haoxin stock. Marex Group plc acquired a new stake in shares of Haoxin Holdings Limited (NASDAQ:HXHX) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned approximately 0.20% of Haoxin as of its most recent SEC filing.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Haoxin from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Haoxin has a consensus rating of “Sell”.

Haoxin Price Performance

Shares of NASDAQ:HXHX traded down $0.03 during trading hours on Friday, hitting $0.55. The stock had a trading volume of 10,340 shares, compared to its average volume of 1,747,553. The stock’s fifty day simple moving average is $0.49 and its 200 day simple moving average is $0.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.37 and a quick ratio of 2.37. Haoxin has a 1-year low of $0.32 and a 1-year high of $1.84.

Haoxin (NASDAQ:HXHX) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $7.60 million for the quarter.

Haoxin Company Profile

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.