Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Short Interest Down 85.4% in December

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 3,800 shares, a drop of 85.4% from the November 30th total of 26,000 shares. Based on an average daily trading volume, of 134,600 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Xinyuan Real Estate in a research note on Friday, December 20th. They set a “hold” rating for the company.

Xinyuan Real Estate Stock Performance

NYSE:XIN traded up $0.09 during trading hours on Friday, reaching $2.65. 44,257 shares of the company were exchanged, compared to its average volume of 43,029. The stock has a 50 day simple moving average of $3.31 and a 200 day simple moving average of $3.16. Xinyuan Real Estate has a 52-week low of $1.92 and a 52-week high of $7.05.

Xinyuan Real Estate Company Profile

Xinyuan Real Estate Co, Ltd., together with its subsidiaries, engages in residential real estate development and construction in the People's Republic of China, the United States, Malaysia, and the United Kingdom. The company develops residential projects, such as multi-layer apartment buildings, sub-high-rise apartment buildings, high-rise apartment buildings; auxiliary services and amenities, such as retail outlets, leisure and health facilities, kindergartens, and schools, as well as office, mixed-use, and commercial properties.