Texxon Holding Limited (NASDAQ:NPT) Short Interest Down 66.7% in June

Texxon Holding Limited (NASDAQ:NPT – Get Free Report) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 27,466 shares, a drop of 66.7% from the June 15th total of 82,514 shares. Based on an average daily volume of 141,821 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Texxon Stock Performance

Shares of Texxon stock traded down $0.04 during trading on Wednesday, reaching $2.61. The company’s stock had a trading volume of 48,146 shares, compared to its average volume of 1,841,560. The company has a 50-day moving average price of $1.99 and a two-hundred day moving average price of $5.43. Texxon has a fifty-two week low of $1.14 and a fifty-two week high of $22.38.

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

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on NPT

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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