Uxin Limited (NASDAQ:UXIN) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 3,910,000 shares, a growth of 109.1% from the December 15th total of 1,870,000 shares. Based on an average daily trading volume, of 5,740,000 shares, the days-to-cover ratio is presently 0.7 days. Approximately 1.8% of the shares of the stock are sold short.
Uxin stock opened at $1.09 on Thursday. The stock has a market capitalization of $319.97 million, a PE ratio of -0.63 and a beta of -0.71. Uxin has a 12 month low of $0.72 and a 12 month high of $2.95. The business has a 50 day simple moving average of $1.17 and a 200-day simple moving average of $1.16.
Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE purchased a new stake in shares of Uxin in the second quarter valued at approximately $382,000. Nuveen Asset Management LLC acquired a new stake in shares of Uxin in the second quarter worth approximately $40,000. BlackRock Inc. boosted its stake in shares of Uxin by 25.4% in the third quarter. BlackRock Inc. now owns 2,369,230 shares of the company’s stock worth $2,061,000 after acquiring an additional 479,955 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Uxin in the second quarter worth approximately $79,000. Finally, State Street Corp boosted its stake in shares of Uxin by 31.5% in the third quarter. State Street Corp now owns 372,417 shares of the company’s stock worth $324,000 after acquiring an additional 89,260 shares during the last quarter. Institutional investors and hedge funds own 22.74% of the company’s stock.
Uxin Limited, an investment holding company, operates a used car e-commerce platform in China. It provides selection of used cars, evaluation of car condition, various car-related value-added products and services, and supporting services to online used car transactions under the Uxin Used Car brand; and operates Uxin Auction, an application that helps business buyers to source vehicles through online auctions.
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