Xtep International Holdings Ltd. (OTCMKTS:XTEPY – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 222 shares, an increase of 101.8% from the June 30th total of 110 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 30 shares, the days-to-cover ratio is presently 7.4 days.
Xtep International Stock Performance
Xtep International stock opened at $49.00 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.37 and a quick ratio of 2.02. The company’s 50-day moving average price is $50.98 and its two-hundred day moving average price is $58.56. Xtep International has a 52 week low of $44.24 and a 52 week high of $84.94.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded shares of Xtep International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Xtep International presently has an average rating of “Strong Buy”.
Xtep International Company Profile
Xtep International Holdings Limited engages in the design, development, manufacture, sale, and marketing and brand management of sports footwear, apparel, and accessories. The company sells its products primarily under the XTEP brand, as well as Palladium, K-Swiss, Saucony, and Merrell brand names. It is also involved in the trading of sportswear products. As of March 18, 2021, the company managed an extensive distribution network with exclusive distributors that operated approximately 6,000 stores covering 31 provinces, autonomous regions, and municipalities in the People's Republic of China and internationally.
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