Xtep International Holdings Ltd. (OTCMKTS:XTEPY) Short Interest Down 59.5% in August

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 784 shares, a decrease of 59.5% from the July 30th total of 1,938 shares. Based on an average trading volume of 102 shares, the days-to-cover ratio is currently 7.7 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of 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 data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Xtep International Stock Performance

OTCMKTS XTEPY opened at $45.95 on Friday. The business’s 50-day moving average price is $47.59 and its two-hundred day moving average price is $55.48. The company has a current ratio of 2.37, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12. Xtep International has a 12 month low of $44.24 and a 12 month high of $84.94.

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.