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

Haoxin Holdings Limited (NASDAQ:HXHX) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 183,548 shares, a drop of 73.1% from the March 31st total of 682,335 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 979,187 shares, the short-interest ratio is currently 0.2 days.

Haoxin Price Performance

Shares of NASDAQ:HXHX traded down $0.01 during midday trading on Friday, hitting $0.61. The company had a trading volume of 78,298 shares, compared to its average volume of 1,563,644. Haoxin has a twelve month low of $0.33 and a twelve month high of $2.15. The business’s 50-day simple moving average is $0.52 and its 200-day simple moving average is $0.63.

Institutional Trading of Haoxin

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Haoxin in a research note on Thursday, April 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

About Haoxin

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.