Short Interest in Haoxin Holdings Limited (NASDAQ:HXHX) Declines By 51.9%

Haoxin Holdings Limited (NASDAQ:HXHX) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 88,212 shares, a drop of 51.9% from the April 15th total of 183,548 shares. Based on an average daily trading volume, of 93,521 shares, the short-interest ratio is currently 0.9 days. Currently, 0.7% of the shares of the stock are short sold.

Institutional Trading of Haoxin

A hedge fund recently bought a new stake in Haoxin stock. Marex Group plc acquired a new stake in Haoxin Holdings Limited (NASDAQ:HXHX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned about 0.20% of Haoxin as of its most recent filing with the SEC.

Wall Street Analyst Weigh In

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

Haoxin Stock Up 4.4%

Shares of NASDAQ:HXHX opened at $0.45 on Friday. Haoxin has a 1 year low of $0.33 and a 1 year high of $2.11. The business’s 50-day moving average is $0.51 and its 200-day moving average is $0.56. 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 (NASDAQ:HXHX) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $7.60 million during 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.