Texxon Holding Limited (NASDAQ:NPT) Short Interest Update

Texxon Holding Limited (NASDAQ:NPT) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 6,365 shares, a drop of 43.1% from the August 15th total of 11,188 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 11,664 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Texxon from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. Wall Street Zen upgraded shares of Texxon from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Texxon Trading Down 4.1%

Shares of Texxon stock opened at $2.81 on Tuesday. The firm has a fifty day moving average of $3.16 and a two-hundred day moving average of $4.61. Texxon has a 52 week low of $1.14 and a 52 week high of $22.38.

Texxon (NASDAQ:NPT) last posted its quarterly earnings results on Tuesday, June 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $163.50 million during the quarter.

About Texxon

Texxon Holding Limited is a provider of supply chain management services in the plastics and chemical industries principally in East China. Texxon Holding Limited is based in Shanghai, China.