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

Haoxin Holdings Limited (NASDAQ:HXHX) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 155,148 shares, a growth of 103.7% from the May 31st total of 76,166 shares. Based on an average daily trading volume, of 7,787,930 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.3% of the company’s stock are short sold.

Haoxin Trading Up 6.8%

Shares of NASDAQ:HXHX traded up $0.03 on Tuesday, hitting $0.41. The company had a trading volume of 13,383,184 shares, compared to its average volume of 1,882,493. The stock has a 50 day moving average price of $0.50 and a 200 day moving average price of $0.52. Haoxin has a 1-year low of $0.33 and a 1-year high of $1.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.37 and a quick ratio of 2.37.

Haoxin (NASDAQ:HXHX) last posted its earnings results on Thursday, April 30th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $7.60 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Haoxin from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Haoxin

An institutional investor recently bought a new position in Haoxin stock. Marex Group plc purchased a new stake in Haoxin Holdings Limited (NASDAQ:HXHX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 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 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.