Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) Short Interest Down 85.9% in May

Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 224,829 shares, a decline of 85.9% from the May 14th total of 1,592,978 shares. Approximately 21.2% of the shares of the company are short sold. Based on an average daily volume of 626,021 shares, the days-to-cover ratio is currently 0.4 days.

Eason Technology Price Performance

Shares of NYSEAMERICAN:DXF traded up $0.07 during trading on Wednesday, hitting $0.70. 1,089,627 shares of the stock traded hands, compared to its average volume of 2,799,401. The company has a fifty day moving average price of $0.73 and a two-hundred day moving average price of $1.29. Eason Technology has a 52-week low of $0.39 and a 52-week high of $6.85.

Eason Technology (NYSEAMERICAN:DXF) last posted its earnings results on Thursday, April 30th. The company reported $0.42 earnings per share for the quarter. The firm had revenue of $0.28 million for the quarter.

Hedge Funds Weigh In On Eason Technology

An institutional investor recently raised its position in Eason Technology stock. SmartHarvest Portfolios LLC grew its holdings in shares of Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) by 327.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,924 shares of the company’s stock after purchasing an additional 45,907 shares during the quarter. SmartHarvest Portfolios LLC owned approximately 2.06% of Eason Technology worth $49,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.88% of the company’s stock.

Eason Technology Company Profile

Dunxin Financial Holdings Limited, together with its subsidiaries, engages in the microfinance lending business in the People's Republic of China. It offers consumer, commercial, collateral-backed, and enterprise loans to micro sized enterprises, SMEs, sole proprietors, and individuals. The company is headquartered in Wuhan, China.