Haoxin Holdings Limited (NASDAQ:HXHX) Sees Large Drop in Short Interest

Haoxin Holdings Limited (NASDAQ:HXHX) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 19,266 shares, a drop of 95.3% from the August 15th total of 412,141 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 217,914 shares, the days-to-cover ratio is currently 0.1 days.

Haoxin Price Performance

NASDAQ:HXHX traded down $0.01 during mid-day trading on Thursday, reaching $0.48. The stock had a trading volume of 51,111 shares, compared to its average volume of 276,510. The firm has a 50 day moving average price of $0.51 and a two-hundred day moving average price of $0.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.37 and a current ratio of 2.37. Haoxin has a one year low of $0.32 and a one year high of $1.84.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Haoxin in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Haoxin

A hedge fund recently bought a new position in Haoxin stock. Marex Group plc bought a new stake in shares of Haoxin Holdings Limited (NASDAQ:HXHX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 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 Securities and Exchange Commission.

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.