BingEx Limited (NASDAQ:FLX – Get Free Report) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 135,050 shares, a decrease of 36.7% from the August 31st total of 213,455 shares. Based on an average daily trading volume, of 183,016 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.
BingEx Stock Down 6.6%
BingEx stock opened at $1.41 on Friday. The company has a market cap of $81.70 million, a price-to-earnings ratio of -141.00 and a beta of 0.59. The firm’s fifty day moving average is $1.73 and its 200 day moving average is $2.17. BingEx has a 52-week low of $0.59 and a 52-week high of $4.45.
BingEx (NASDAQ:FLX – Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The company reported $0.02 EPS for the quarter. BingEx had a negative net margin of 0.33% and a positive return on equity of 10.13%. The business had revenue of $138.40 million during the quarter.
Analyst Ratings Changes
View Our Latest Stock Analysis on BingEx
Institutional Inflows and Outflows
An institutional investor recently raised its position in BingEx stock. Renaissance Technologies LLC boosted its stake in shares of BingEx Limited (NASDAQ:FLX – Free Report) by 19.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,300 shares of the company’s stock after acquiring an additional 12,700 shares during the quarter. Renaissance Technologies LLC owned about 0.13% of BingEx worth $205,000 as of its most recent SEC filing.
BingEx Company Profile
BingEx Limited (NASDAQ: FLX) is a technology-enabled logistics company that provides on-demand delivery services in China under the FlashEx brand. Its platform connects customers with delivery couriers and is designed to facilitate fast, flexible shipments for individuals and businesses.
The company’s services primarily include intra-city and inter-city delivery. Customers can use the platform to arrange the transportation of documents, parcels, retail products and other items, while business customers can use delivery services to support their operational and fulfillment needs.
BingEx was established in 2014 and is headquartered in China.
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