Short Interest in Haoxin Holdings Limited (NASDAQ:HXHX) Decreases By 43.7%

Haoxin Holdings Limited (NASDAQ:HXHX) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 87,367 shares, a decline of 43.7% from the June 15th total of 155,148 shares. Based on an average daily trading volume, of 1,655,223 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

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

Haoxin Price Performance

Shares of HXHX traded down $0.00 during trading on Thursday, reaching $0.58. The company’s stock had a trading volume of 37,388 shares, compared to its average volume of 1,760,527. The company has a fifty day moving average of $0.48 and a two-hundred day moving average of $0.51. Haoxin has a twelve month low of $0.32 and a twelve month high of $1.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.37 and a current ratio of 2.37.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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, Haoxin currently has an average rating of “Sell”.

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.