Texxon Holding Limited (NASDAQ:NPT) Sees Significant Drop in Short Interest

Texxon Holding Limited (NASDAQ:NPT) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 6,365 shares, a decrease of 43.1% from the August 15th total of 11,188 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 11,664 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

NPT has been the subject of several research analyst reports. Wall Street Zen upgraded Texxon from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded Texxon from a “sell (e)” rating to a “sell (d-)” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Texxon Stock Down 4.1%

Shares of NASDAQ NPT opened at $2.81 on Tuesday. Texxon has a 1-year low of $1.14 and a 1-year high of $22.38. The company has a 50-day moving average of $3.16 and a two-hundred day moving average of $4.61.

Texxon (NASDAQ:NPT) last released its quarterly earnings results on Tuesday, June 30th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $163.50 million for the quarter.

About Texxon

Texxon Holding Limited is a provider of supply chain management services in the plastics and chemical industries principally in East China. Texxon Holding Limited is based in Shanghai, China.