Haoxin Holdings Limited (NASDAQ:HXHX) Stock Short Interest Climbs 538.4%

Haoxin Holdings Limited (NASDAQ:HXHX) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 181,505 shares, a growth of 538.4% from the September 30th total of 28,430 shares. Based on an average daily volume of 5,607,756 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.5% of the shares of the stock are sold short.

Haoxin Stock Performance

Shares of Haoxin stock traded down $0.01 on Wednesday, hitting $0.17. 54,370 shares of the company traded hands, compared to its average volume of 1,752,204. Haoxin has a 12-month low of $0.17 and a 12-month high of $1.47. The firm’s 50-day simple moving average is $0.39 and its 200 day simple moving average is $0.47.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Haoxin in a research report on Tuesday. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Haoxin presently has a consensus rating of “Sell”.

About Haoxin

Haoxin Holdings Limited is a China-based company focused on the commercial vehicle sector. Through its operating subsidiaries, the company is primarily engaged in the sale of used commercial vehicles and related automotive products and services.

Its activities may also include vehicle repair, maintenance and other support services associated with commercial vehicles. These offerings are intended to serve customers in China’s commercial transportation and automotive markets.

Haoxin Holdings Limited is incorporated as a holding company, with its business conducted through subsidiaries in China.