BingEx Limited (NASDAQ:FLX) Stock Short Interest Falls 36.7%

BingEx Limited (NASDAQ:FLX) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 135,050 shares, a decrease of 36.7% from the August 31st total of 213,455 shares. Based on an average daily volume of 183,016 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of BingEx in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On BingEx

An institutional investor recently bought a new stake in BingEx stock. Dimensional Fund Advisors LP purchased a new stake in BingEx Limited (NASDAQ:FLX) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 24,739 shares of the company’s stock, valued at approximately $66,000.

BingEx Stock Up 1.6%

BingEx stock traded up $0.02 on Thursday, hitting $1.47. The company’s stock had a trading volume of 22,850 shares, compared to its average volume of 200,958. The firm has a market cap of $85.35 million, a P/E ratio of -147.30 and a beta of 0.47. The company has a fifty day moving average price of $1.76 and a 200-day moving average price of $2.19. BingEx has a one year low of $0.59 and a one year high of $4.45.

BingEx (NASDAQ:FLX) last announced its quarterly earnings data on Thursday, August 20th. The company reported $0.02 earnings per share (EPS) for the quarter. BingEx had a negative net margin of 0.33% and a positive return on equity of 10.13%. The company had revenue of $138.40 million during the quarter.

BingEx Company Profile

BingEx Limited (NASDAQ: FLX) is a technology-enabled logistics company that provides on-demand delivery services in China under the FlashEx brand. Its platform connects customers with delivery couriers and is designed to facilitate fast, flexible shipments for individuals and businesses.

The company’s services primarily include intra-city and inter-city delivery. Customers can use the platform to arrange the transportation of documents, parcels, retail products and other items, while business customers can use delivery services to support their operational and fulfillment needs.

BingEx was established in 2014 and is headquartered in China.