Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) Short Interest Update

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,798 shares, a drop of 93.8% from the April 15th total of 45,287 shares. Based on an average daily trading volume, of 53,805 shares, the short-interest ratio is currently 0.1 days. Approximately 9.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lixiang Education stock. XTX Topco Ltd purchased a new position in shares of Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,222 shares of the company’s stock, valued at approximately $43,000. XTX Topco Ltd owned 2.58% of Lixiang Education as of its most recent SEC filing. 0.51% of the stock is owned by institutional investors.

Lixiang Education Stock Down 6.9%

Shares of NASDAQ LXEH traded down $0.08 during mid-day trading on Monday, hitting $1.08. The company had a trading volume of 21,241 shares, compared to its average volume of 81,157. The business’s 50-day simple moving average is $1.87 and its 200-day simple moving average is $2.56. Lixiang Education has a 12 month low of $0.83 and a 12 month high of $32.98.

About Lixiang Education

Lixiang Education Holding Co, Ltd. provides primary and middle school education services from grade 1 to grade 9 in the People's Republic of China. As of December 31, 2020, the company operated two campuses, including Baiyun Campus and Yijing Campus. It also engages in the operation of food procurement. The company was formerly known as Lianwai Education Group Limited and changed its name to Lixiang Education Holding Co, Ltd. in May 26, 2020. The company was founded in 2001 and is headquartered in Lishui, the People's Republic of China.