Xinyuan Real Estate Co., Ltd. (NYSE:XIN) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 252,900 shares, an increase of 10.7% from the January 15th total of 228,400 shares. Based on an average daily trading volume, of 166,200 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.4% of the company’s shares are sold short.
XIN opened at $3.11 on Friday. Xinyuan Real Estate has a one year low of $3.03 and a one year high of $5.10. The stock has a market cap of $200.35 million, a price-to-earnings ratio of 1.79 and a beta of 1.52. The stock’s 50 day moving average price is $3.54 and its 200-day moving average price is $3.92. The company has a debt-to-equity ratio of 4.50, a quick ratio of 0.94 and a current ratio of 0.94.
Xinyuan Real Estate (NYSE:XIN) last announced its quarterly earnings data on Friday, December 6th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.31). Xinyuan Real Estate had a return on equity of 16.45% and a net margin of 3.97%. The firm had revenue of $497.64 million during the quarter. During the same quarter in the prior year, the business posted $0.36 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Wednesday, December 18th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.20 annualized dividend and a yield of 6.43%.
A number of large investors have recently made changes to their positions in XIN. Millennium Management LLC boosted its position in Xinyuan Real Estate by 12.3% during the 3rd quarter. Millennium Management LLC now owns 95,306 shares of the financial services provider’s stock valued at $386,000 after acquiring an additional 10,445 shares in the last quarter. Marshall Wace LLP bought a new stake in Xinyuan Real Estate during the 4th quarter valued at $120,000. Marshall Wace North America L.P. bought a new stake in Xinyuan Real Estate during the 4th quarter valued at $57,000. Renaissance Technologies LLC boosted its position in Xinyuan Real Estate by 22.8% during the 4th quarter. Renaissance Technologies LLC now owns 403,700 shares of the financial services provider’s stock valued at $1,526,000 after acquiring an additional 74,823 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Xinyuan Real Estate by 28.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 99,083 shares of the financial services provider’s stock valued at $375,000 after acquiring an additional 21,983 shares in the last quarter. 6.43% of the stock is currently owned by institutional investors.
Xinyuan Real Estate Company Profile
Xinyuan Real Estate Co, Ltd., through its subsidiaries, develops residential real estate properties for middle income consumers in the People's Republic of China and the United States. It develops residential projects, such as multi-layer apartment buildings, sub-high-rise apartment buildings, or high-rise apartment buildings; auxiliary services and amenities, such as retail outlets, leisure and health facilities, kindergartens, and schools; and small scale residential properties, as well as office, mixed-use, and commercial properties.
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