Short Interest in Uxin Limited Sponsored ADR (NASDAQ:UXIN) Grows By 62.8%

Uxin Limited Sponsored ADR (NASDAQ:UXIN) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 675,922 shares, an increase of 62.8% from the June 30th total of 415,067 shares. Based on an average trading volume of 513,767 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.8% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Uxin in a research report on Wednesday, July 8th. Wall Street Zen downgraded Uxin from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Uxin presently has an average rating of “Hold” and an average price target of $4.50.

Uxin Stock Performance

Shares of UXIN opened at $1.39 on Friday. The stock has a 50-day moving average of $1.82 and a two-hundred day moving average of $2.72. The stock has a market cap of $300.85 million, a P/E ratio of -6.62 and a beta of 0.85. Uxin has a one year low of $1.25 and a one year high of $4.50.

About Uxin

Uxin Limited is a China-based online and offline used car e-commerce platform that connects vehicle buyers and sellers through an integrated digital marketplace. Headquartered in Beijing, the company operates a network of physical used-car malls alongside its proprietary online platform, enabling customers to browse, inspect and purchase pre-owned vehicles with transparency and convenience.

The company’s core business activities encompass sourcing, quality assurance and distribution of used vehicles.