Short Interest in Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) Increases By 1,109.9%

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 33,854 shares, an increase of 1,109.9% from the April 30th total of 2,798 shares. Based on an average daily trading volume, of 87,938 shares, the days-to-cover ratio is presently 0.4 days. Currently, 116.7% of the company’s stock are short sold.

Lixiang Education Stock Down 7.6%

Lixiang Education stock traded down $0.12 during midday trading on Friday, reaching $1.46. The stock had a trading volume of 71,945 shares, compared to its average volume of 60,962. The firm’s fifty day simple moving average is $1.61 and its 200-day simple moving average is $2.25. Lixiang Education has a 1-year low of $0.83 and a 1-year high of $32.80.

Lixiang Education (NASDAQ:LXEH) last announced its earnings results on Tuesday, May 12th. The company reported ($3.59) earnings per share (EPS) for the quarter. The company had revenue of $1.13 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lixiang Education stock. XTX Topco Ltd purchased a new stake in Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,222 shares of the company’s stock, valued at approximately $43,000. XTX Topco Ltd owned approximately 2.58% of Lixiang Education as of its most recent SEC filing. 0.51% of the stock is owned by institutional investors.

Lixiang Education Company Profile

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.