Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) Sees Significant Decline in Short Interest

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 45,287 shares, a decline of 82.1% from the March 31st total of 252,612 shares. Based on an average daily trading volume, of 3,476,341 shares, the short-interest ratio is presently 0.0 days. Approximately 156.2% of the company’s shares are short sold.

Lixiang Education Stock Down 4.5%

Lixiang Education stock traded down $0.06 during trading on Friday, reaching $1.28. 30,934 shares of the company’s stock were exchanged, compared to its average volume of 197,090. The company’s 50-day moving average is $2.08 and its two-hundred day moving average is $2.85. Lixiang Education has a 52-week low of $1.22 and a 52-week high of $36.70.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lixiang Education in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of Lixiang Education

A hedge fund recently bought a new stake in Lixiang Education stock. XTX Topco Ltd purchased a new position in shares of Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 30,222 shares of the company’s stock, valued at approximately $43,000. XTX Topco Ltd owned 2.58% of Lixiang Education at the end of the most recent quarter. 0.51% of the stock is owned by hedge funds and other institutional investors.

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.