Short Interest in Haoxin Holdings Limited (NASDAQ:HXHX) Drops By 43.7%

Haoxin Holdings Limited (NASDAQ:HXHX) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 87,367 shares, a drop of 43.7% from the June 15th total of 155,148 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 1,655,223 shares, the short-interest ratio is currently 0.1 days.

Haoxin Price Performance

HXHX traded down $0.01 during trading on Friday, hitting $0.57. 16,440 shares of the company traded hands, compared to its average volume of 914,110. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.37 and a current ratio of 2.37. The stock’s 50-day simple moving average is $0.49 and its two-hundred day simple moving average is $0.51. Haoxin has a 1 year low of $0.32 and a 1 year high of $1.84.

Haoxin (NASDAQ:HXHX) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.08 EPS for the quarter. The company had revenue of $7.60 million for the quarter.

Institutional Trading of Haoxin

A hedge fund recently bought a new position in Haoxin stock. Marex Group plc acquired a new position in shares of Haoxin Holdings Limited (NASDAQ:HXHX) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned approximately 0.20% of Haoxin at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Haoxin from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently 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.