Haoxin Holdings Limited (NASDAQ:HXHX – Get Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 155,148 shares, an increase of 103.7% from the May 31st total of 76,166 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 7,787,930 shares, the days-to-cover ratio is presently 0.0 days.
Hedge Funds Weigh In On Haoxin
An institutional investor recently bought a new position in Haoxin stock. Marex Group plc purchased a new position in shares of Haoxin Holdings Limited (NASDAQ:HXHX – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned 0.20% of Haoxin as of its most recent SEC filing.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Haoxin from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Haoxin Stock Down 2.5%
NASDAQ HXHX opened at $0.47 on Thursday. The business’s 50-day moving average price is $0.49 and its 200 day moving average price is $0.52. Haoxin has a twelve month low of $0.32 and a twelve month high of $1.84. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.12.
Haoxin (NASDAQ:HXHX – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $7.60 million during the quarter.
About Haoxin
We are a provider of temperature-controlled truckload service and urban delivery services in China with over 21 years of experience in the transportation industry. We started our urban delivery service business in 2003 and started expanding our business into temperature-controlled truckload service in 2016. We currently conduct all of our operations through our subsidiaries, Ningbo Haoxin, Zhejiang Haoxin, Longanda and Haiyue, and have experienced a steady growth in our business in recent years. The goods we take charge of transporting focus on factory logistics, which include electronic devices, chemicals, fruit, food and commercial goods.
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