Haoxin Holdings Limited (NASDAQ:HXHX) Sees Large Decline in Short Interest

Haoxin Holdings Limited (NASDAQ:HXHX) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 14,310 shares, a decline of 60.6% from the November 30th total of 36,352 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 39,830 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 39,830 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Haoxin in a research report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Haoxin Stock Up 5.9%

Haoxin stock traded up $0.05 during trading hours on Friday, hitting $0.92. The company had a trading volume of 552,558 shares, compared to its average volume of 2,121,996. Haoxin has a fifty-two week low of $0.33 and a fifty-two week high of $6.29. The firm’s fifty day moving average is $0.70 and its 200-day moving average is $1.10.

Institutional Trading of Haoxin

An institutional investor recently bought a new position in Haoxin stock. Marex Group plc bought a new position in Haoxin Holdings Limited (NASDAQ:HXHX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned about 0.20% of Haoxin at the end of the most recent reporting period.

About Haoxin

We are a provider of temperature-controlled truckload service and urban delivery services in China with over 21 years of experience in the transportation industry. We started our urban delivery service business in 2003 and started expanding our business into temperature-controlled truckload service in 2016. We currently conduct all of our operations through our subsidiaries, Ningbo Haoxin, Zhejiang Haoxin, Longanda and Haiyue, and have experienced a steady growth in our business in recent years. The goods we take charge of transporting focus on factory logistics, which include electronic devices, chemicals, fruit, food and commercial goods.