Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) Sees Large Decrease in Short Interest

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 26,297 shares, a decrease of 40.9% from the June 15th total of 44,498 shares. Based on an average daily trading volume, of 39,114 shares, the short-interest ratio is currently 0.7 days. Currently, 90.7% of the shares of the company are short sold.

Lixiang Education Trading Down 0.6%

Shares of Lixiang Education stock traded down $0.01 on Thursday, hitting $1.40. 19,253 shares of the company’s stock were exchanged, compared to its average volume of 286,680. The company has a 50-day simple moving average of $1.36 and a 200-day simple moving average of $1.83. Lixiang Education has a 1 year low of $0.83 and a 1 year high of $32.80.

Lixiang Education (NASDAQ:LXEH) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($3.59) EPS for the quarter. The firm had revenue of $1.13 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Lixiang Education stock. XTX Topco Ltd bought a new position in shares of Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 30,222 shares of the company’s stock, valued at approximately $43,000. XTX Topco Ltd owned 2.58% of Lixiang Education at the end of the most recent quarter. 0.51% of the stock is currently owned by institutional investors.

Lixiang Education Company Profile

Lixiang Education Holding Co, Ltd. provides primary and middle school education services from grade 1 to grade 9 in the People's Republic of China. As of December 31, 2020, the company operated two campuses, including Baiyun Campus and Yijing Campus. It also engages in the operation of food procurement. The company was formerly known as Lianwai Education Group Limited and changed its name to Lixiang Education Holding Co, Ltd. in May 26, 2020. The company was founded in 2001 and is headquartered in Lishui, the People's Republic of China.