Xtep International Holdings Ltd. (OTCMKTS:XTEPY) Short Interest Down 59.5% in August

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 784 shares, a decline of 59.5% from the July 30th total of 1,938 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 102 shares, the short-interest ratio is presently 7.7 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Xtep International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Xtep International currently has a consensus rating of “Strong Buy”.

Xtep International Price Performance

Shares of OTCMKTS:XTEPY opened at $45.95 on Friday. Xtep International has a 52 week low of $44.24 and a 52 week high of $84.94. The company’s 50 day moving average is $47.59 and its two-hundred day moving average is $55.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.37 and a quick ratio of 2.02.

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.