Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) Sees Significant Decline in Short Interest

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 17,280 shares, a decrease of 34.3% from the June 30th total of 26,297 shares. Based on an average daily volume of 43,546 shares, the short-interest ratio is presently 0.4 days. Currently, 59.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Lixiang Education stock. XTX Topco Ltd acquired a new position in Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 quarter. 0.51% of the stock is currently owned by institutional investors and hedge funds.

Lixiang Education Stock Up 5.2%

Shares of Lixiang Education stock traded up $0.08 during trading on Friday, hitting $1.60. 1,275 shares of the stock traded hands, compared to its average volume of 265,998. Lixiang Education has a twelve month low of $0.83 and a twelve month high of $32.80. The company has a fifty day moving average price of $1.42 and a two-hundred day moving average price of $1.78.

Lixiang Education (NASDAQ:LXEH) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($3.59) earnings per share for the quarter. The company had revenue of $1.13 million for the quarter.

About Lixiang Education

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.