Short Interest in Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) Drops By 34.3%

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 17,280 shares, a decline of 34.3% from the June 30th total of 26,297 shares. Currently, 59.6% of the company’s shares are short sold. Based on an average daily trading volume, of 43,546 shares, the short-interest ratio is presently 0.4 days.

Lixiang Education Stock Performance

Shares of NASDAQ:LXEH opened at $1.57 on Friday. Lixiang Education has a 52-week low of $0.83 and a 52-week high of $32.80. The business has a fifty day moving average of $1.42 and a two-hundred day moving average of $1.78.

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

Hedge Funds Weigh In On Lixiang Education

A hedge fund recently bought a new stake in Lixiang Education stock. XTX Topco Ltd bought a new stake in Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 30,222 shares of the company’s stock, valued at approximately $43,000. XTX Topco Ltd owned about 2.58% of Lixiang Education at the end of the most recent reporting period. 0.51% of the stock is 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.