Uxin Ltd (NASDAQ:UXIN) was the recipient of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 3,296,186 shares, an increase of 34.8% from the July 31st total of 2,445,319 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 701,518 shares, the short-interest ratio is presently 4.7 days.

Shares of UXIN opened at $6.27 on Wednesday. Uxin has a one year low of $5.08 and a one year high of $10.49.

Institutional investors and hedge funds have recently modified their holdings of the company. DCM Hybrid RMB Fund International Ltd. acquired a new stake in shares of Uxin in the 2nd quarter valued at about $10,111,000. Warburg Pincus LLC acquired a new stake in shares of Uxin in the 2nd quarter valued at about $338,088,000. FMR LLC acquired a new stake in shares of Uxin in the 2nd quarter valued at about $21,340,000. BlackRock Inc. acquired a new stake in shares of Uxin in the 2nd quarter valued at about $23,504,000. Finally, California Public Employees Retirement System acquired a new stake in shares of Uxin in the 2nd quarter valued at about $904,000. Institutional investors own 29.41% of the company’s stock.

A number of analysts have weighed in on UXIN shares. JPMorgan Chase & Co. started coverage on Uxin in a report on Monday, July 30th. They set a “neutral” rating and a $9.00 price target for the company. Morgan Stanley started coverage on Uxin in a report on Monday, July 23rd. They set an “overweight” rating for the company. Finally, Goldman Sachs Group started coverage on Uxin in a report on Thursday, August 16th. They set a “buy” rating and a $9.70 price target for the company.

Uxin Company Profile

Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions.

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