Short Interest in Texxon Holding Limited (NASDAQ:NPT) Declines By 63.3%

Texxon Holding Limited (NASDAQ:NPT – Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 9,432 shares, a drop of 63.3% from the July 15th total of 25,679 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 31,212 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

NPT has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Texxon from a “sell (e)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. Wall Street Zen upgraded shares of Texxon from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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Texxon Price Performance

Shares of NASDAQ:NPT traded down $0.02 during trading on Friday, hitting $3.57. 12,187 shares of the stock were exchanged, compared to its average volume of 40,651. Texxon has a 1-year low of $1.14 and a 1-year high of $22.38. The company’s fifty day simple moving average is $2.84 and its 200-day simple moving average is $5.02.

Texxon (NASDAQ:NPT – Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported ($0.02) EPS for the quarter. The company had revenue of $163.50 million during the quarter.

About Texxon

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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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