Xtep International Holdings Ltd. (OTCMKTS:XTEPY) Sees Large Growth in Short Interest

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,938 shares, an increase of 773.0% from the July 15th total of 222 shares. Based on an average daily volume of 449 shares, the short-interest ratio is currently 4.3 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Zacks Research raised Xtep International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Xtep International Stock Up 1.0%

XTEPY stock traded up $0.48 during trading on Tuesday, reaching $46.80. 120 shares of the company’s stock were exchanged, compared to its average volume of 161. Xtep International has a 1-year low of $44.24 and a 1-year high of $84.94. The company’s fifty day moving average price is $50.15 and its 200-day moving average price is $57.38. The company has a current ratio of 2.37, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12.

About Xtep International

Xtep International Holdings Limited engages in the design, development, manufacture, sale, and marketing and brand management of sports footwear, apparel, and accessories. The company sells its products primarily under the XTEP brand, as well as Palladium, K-Swiss, Saucony, and Merrell brand names. It is also involved in the trading of sportswear products. As of March 18, 2021, the company managed an extensive distribution network with exclusive distributors that operated approximately 6,000 stores covering 31 provinces, autonomous regions, and municipalities in the People's Republic of China and internationally.