Texxon Holding Limited (NASDAQ:NPT) Sees Significant Growth in Short Interest

Texxon Holding Limited (NASDAQ:NPTGet Free Report) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 82,514 shares, an increase of 997.6% from the May 31st total of 7,518 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 13,216,984 shares, the short-interest ratio is currently 0.0 days.

Texxon Stock Up 2.7%

Shares of NASDAQ NPT traded up $0.06 during midday trading on Friday, hitting $2.31. The company had a trading volume of 111,603 shares, compared to its average volume of 7,368,221. Texxon has a twelve month low of $1.14 and a twelve month high of $22.38. The business has a 50-day simple moving average of $2.02 and a two-hundred day simple moving average of $5.64.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Texxon from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

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Texxon Company Profile

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Texxon Holding Limited is a provider of supply chain management services in the plastics and chemical industries principally in East China. Texxon Holding Limited is based in Shanghai, China.

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