Xtep International Holdings Ltd. (OTCMKTS:XTEPY) Sees Large Growth in Short Interest

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,938 shares, an increase of 773.0% from the July 15th total of 222 shares. Based on an average daily trading volume, of 449 shares, the short-interest ratio is presently 4.3 days. Approximately 0.0% of the shares of the company are short sold.

Xtep International Stock Up 1.0%

XTEPY traded up $0.48 during trading on Tuesday, reaching $46.80. 120 shares of the company were exchanged, compared to its average volume of 161. Xtep International has a 52 week low of $44.24 and a 52 week high of $84.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.37 and a quick ratio of 2.02. The firm has a 50 day moving average of $50.15 and a 200 day moving average of $57.38.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Xtep International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Xtep International currently has an average rating of “Strong Buy”.

Xtep International Company Profile

Xtep International Holdings Limited engages in the design, development, manufacture, sale, and marketing and brand management of sports footwear, apparel, and accessories. The company sells its products primarily under the XTEP brand, as well as Palladium, K-Swiss, Saucony, and Merrell brand names. It is also involved in the trading of sportswear products. As of March 18, 2021, the company managed an extensive distribution network with exclusive distributors that operated approximately 6,000 stores covering 31 provinces, autonomous regions, and municipalities in the People's Republic of China and internationally.