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

Haoxin Holdings Limited (NASDAQ:HXHX) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 19,266 shares, a drop of 95.3% from the August 15th total of 412,141 shares. Based on an average daily trading volume, of 217,914 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Haoxin Stock Down 1.6%

Shares of NASDAQ HXHX traded down $0.01 during mid-day trading on Thursday, hitting $0.48. The stock had a trading volume of 51,111 shares, compared to its average volume of 276,510. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.12. Haoxin has a 1 year low of $0.32 and a 1 year high of $1.84. The business has a 50 day moving average price of $0.51 and a two-hundred day moving average price of $0.50.

Institutional Investors Weigh In On Haoxin

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Haoxin in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Haoxin Company Profile

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.