BingEx Limited (NASDAQ:FLX) Short Interest Update

BingEx Limited (NASDAQ:FLX) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 82,071 shares, an increase of 120.0% from the December 15th total of 37,310 shares. Based on an average daily trading volume, of 142,294 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 142,294 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On BingEx

A number of institutional investors have recently added to or reduced their stakes in FLX. Susquehanna International Group LLP increased its position in shares of BingEx by 400.0% during the 3rd quarter. Susquehanna International Group LLP now owns 6,495,883 shares of the company’s stock valued at $20,852,000 after purchasing an additional 5,196,683 shares during the period. Citadel Advisors LLC raised its holdings in shares of BingEx by 82.6% in the 3rd quarter. Citadel Advisors LLC now owns 111,004 shares of the company’s stock worth $355,000 after purchasing an additional 50,198 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in BingEx during the third quarter valued at approximately $32,000. Jane Street Group LLC bought a new stake in BingEx during the second quarter worth approximately $40,000. Finally, XTX Topco Ltd acquired a new position in BingEx in the second quarter worth approximately $34,000.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of BingEx in a research note on Monday, December 29th. Wall Street Zen upgraded BingEx to a “hold” rating in a research report on Saturday, December 6th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.70.

BingEx Trading Down 0.3%

FLX traded down $0.01 during trading hours on Wednesday, hitting $3.18. The company’s stock had a trading volume of 28,730 shares, compared to its average volume of 145,356. BingEx has a fifty-two week low of $2.01 and a fifty-two week high of $9.49. The company has a 50-day simple moving average of $3.22 and a 200 day simple moving average of $3.25. The firm has a market capitalization of $177.95 million, a PE ratio of -317.90 and a beta of 0.87.

BingEx (NASDAQ:FLX) last issued its quarterly earnings data on Wednesday, November 19th. The company reported $0.13 earnings per share for the quarter. The business had revenue of $141.23 million for the quarter. BingEx had a negative net margin of 5.04% and a negative return on equity of 1.13%.

About BingEx

BingEx Limited, through its subsidiaries, provides on-demand courier services under the FlashEx brand name in the People’s Republic of China. The company offers Flash-Riders as service providers. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website. The company was incorporated in 2014 and is headquartered in Beijing, the People’s Republic of China.