Haoxin Holdings Limited (NASDAQ:HXHX) Short Interest Down 51.9% in April

Haoxin Holdings Limited (NASDAQ:HXHX) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 88,212 shares, a decrease of 51.9% from the April 15th total of 183,548 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 93,521 shares, the short-interest ratio is presently 0.9 days.

Haoxin Price Performance

Haoxin stock traded up $0.00 during midday trading on Friday, hitting $0.45. 61,286 shares of the stock were exchanged, compared to its average volume of 89,474. Haoxin has a fifty-two week low of $0.33 and a fifty-two week high of $2.11. The stock’s 50-day simple moving average is $0.51 and its 200 day simple moving average is $0.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.37 and a quick ratio of 2.37.

Haoxin (NASDAQ:HXHX) last announced its earnings results on Thursday, April 30th. The company reported $0.08 earnings per share for the quarter. The company had revenue of $7.60 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Haoxin from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Haoxin stock. Marex Group plc acquired a new stake in Haoxin Holdings Limited (NASDAQ:HXHX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned 0.20% of Haoxin as of its most recent filing with the Securities and Exchange Commission (SEC).

Haoxin Company Profile

We are a provider of temperature-controlled truckload service and urban delivery services in China with over 21 years of experience in the transportation industry. We started our urban delivery service business in 2003 and started expanding our business into temperature-controlled truckload service in 2016. We currently conduct all of our operations through our subsidiaries, Ningbo Haoxin, Zhejiang Haoxin, Longanda and Haiyue, and have experienced a steady growth in our business in recent years. The goods we take charge of transporting focus on factory logistics, which include electronic devices, chemicals, fruit, food and commercial goods.