BingEx Limited (NASDAQ:FLX – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 135,050 shares, a drop of 36.7% from the August 31st total of 213,455 shares. Based on an average trading volume of 183,016 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are sold short.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of BingEx in a report on Friday, August 7th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.
View Our Latest Report on BingEx
Institutional Trading of BingEx
BingEx Price Performance
NASDAQ FLX opened at $1.51 on Friday. The business has a fifty day moving average price of $1.75 and a two-hundred day moving average price of $2.18. BingEx has a fifty-two week low of $0.59 and a fifty-two week high of $4.45. The stock has a market capitalization of $87.49 million, a PE ratio of -151.00 and a beta of 0.60.
BingEx (NASDAQ:FLX – Get Free Report) last issued its earnings results on Thursday, August 20th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $138.40 million for the quarter. BingEx had a positive return on equity of 10.13% and a negative net margin of 0.33%.
BingEx Company Profile
BingEx Limited (NASDAQ: FLX) is a technology-enabled logistics company that provides on-demand delivery services in China under the FlashEx brand. Its platform connects customers with delivery couriers and is designed to facilitate fast, flexible shipments for individuals and businesses.
The company’s services primarily include intra-city and inter-city delivery. Customers can use the platform to arrange the transportation of documents, parcels, retail products and other items, while business customers can use delivery services to support their operational and fulfillment needs.
BingEx was established in 2014 and is headquartered in China.
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