Short Interest in Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) Drops By 93.8%

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,798 shares, a drop of 93.8% from the April 15th total of 45,287 shares. Approximately 9.6% of the company’s stock are sold short. Based on an average daily trading volume, of 53,805 shares, the short-interest ratio is presently 0.1 days.

Lixiang Education Stock Up 0.9%

LXEH stock traded up $0.01 during trading on Wednesday, reaching $1.07. 8,231 shares of the stock were exchanged, compared to its average volume of 144,148. The firm’s 50 day moving average is $1.84 and its 200 day moving average is $2.53. Lixiang Education has a twelve month low of $0.83 and a twelve month high of $32.80.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lixiang Education stock. XTX Topco Ltd acquired a new stake in shares of Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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. Institutional investors and hedge funds own 0.51% of the company’s stock.

About Lixiang Education

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.