China XD Plastics Company Ltd (NASDAQ:CXDC) Sees Significant Growth in Short Interest

Share on StockTwits

China XD Plastics Company Ltd (NASDAQ:CXDC) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 11,600 shares, a growth of 6.4% from the May 30th total of 10,900 shares. Based on an average daily trading volume, of 21,000 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s shares are short sold.

A hedge fund recently raised its stake in China XD Plastics stock. Deutsche Bank AG grew its position in shares of China XD Plastics Company Ltd (NASDAQ:CXDC) by 134.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,600 shares of the basic materials company’s stock after purchasing an additional 33,000 shares during the period. Deutsche Bank AG owned approximately 0.11% of China XD Plastics worth $101,000 as of its most recent SEC filing. 7.76% of the stock is owned by hedge funds and other institutional investors.

NASDAQ CXDC opened at $2.11 on Wednesday. China XD Plastics has a one year low of $1.28 and a one year high of $4.06. The firm has a 50 day simple moving average of $2.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.96 and a quick ratio of 0.47. The stock has a market capitalization of $105.46 million, a price-to-earnings ratio of 1.75 and a beta of 1.74.

China XD Plastics (NASDAQ:CXDC) last posted its quarterly earnings results on Monday, April 15th. The basic materials company reported $0.20 EPS for the quarter. China XD Plastics had a net margin of 6.10% and a return on equity of 10.43%. The firm had revenue of $349.83 million for the quarter.

About China XD Plastics

China XD Plastics Company Limited, together with its subsidiaries, engages in the research, development, manufacture, and sale of modified plastics primarily for automotive applications in the People's Republic of China and Dubai, the United Arab Emirates. Its modified plastics are used to fabricate various auto components, including exteriors consisting of automobile bumpers, rearview and sideview mirrors, and license plate parts; interiors, such as door panels, dashboards, steering wheels, glove compartments, and safety belt components; and functional components comprising air conditioner casings, heating and ventilation casings, engine covers, and air ducts.

Further Reading: What is a capital gains distribution?

Receive News & Ratings for China XD Plastics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China XD Plastics and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

JPMorgan Chase & Co. Increases AvalonBay Communities  Price Target to $224.00
JPMorgan Chase & Co. Increases AvalonBay Communities Price Target to $224.00
Brightsphere Investment Group  Lifted to “Hold” at Zacks Investment Research
Brightsphere Investment Group Lifted to “Hold” at Zacks Investment Research
PLDT  Rating Lowered to Hold at Zacks Investment Research
PLDT Rating Lowered to Hold at Zacks Investment Research
AtriCure  Stock Rating Lowered by Northland Securities
AtriCure Stock Rating Lowered by Northland Securities
Bradesco Corretora Reiterates “Neutral” Rating for Ternium
Bradesco Corretora Reiterates “Neutral” Rating for Ternium
Meridian Bioscience  Rating Lowered to Sell at ValuEngine
Meridian Bioscience Rating Lowered to Sell at ValuEngine


 
© 2006-2019 Zolmax.