Uxin Limited (NASDAQ:UXIN) Short Interest Update

Uxin Limited (NASDAQ:UXIN) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 85,600 shares, a drop of 29.6% from the February 29th total of 121,600 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 60,300 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Invesco Ltd. grew its holdings in shares of Uxin by 59.0% during the 1st quarter. Invesco Ltd. now owns 332,274 shares of the company’s stock worth $339,000 after purchasing an additional 123,290 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Uxin by 194.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 310,317 shares of the company’s stock worth $317,000 after acquiring an additional 204,822 shares during the period. Vident Investment Advisory LLC raised its stake in shares of Uxin by 41.8% during the first quarter. Vident Investment Advisory LLC now owns 233,064 shares of the company’s stock valued at $238,000 after purchasing an additional 68,648 shares during the period. State Street Corp lifted its position in shares of Uxin by 12.1% during the third quarter. State Street Corp now owns 383,650 shares of the company’s stock worth $230,000 after purchasing an additional 41,449 shares in the last quarter. Finally, Sei Investments Co. purchased a new position in shares of Uxin in the second quarter valued at $229,000. 22.41% of the stock is owned by hedge funds and other institutional investors.

Uxin Stock Down 4.9 %

Shares of NASDAQ:UXIN opened at $2.12 on Friday. The company has a market cap of $9.96 million, a P/E ratio of -0.12 and a beta of 0.99. The business has a fifty day simple moving average of $2.34 and a 200-day simple moving average of $8.08. Uxin has a 52 week low of $1.91 and a 52 week high of $24.90.

Uxin Company Profile

Uxin Limited, an investment holding company, engages in the retail sale of vehicles in China. The company operates an e-commerce platform for buying and selling used cars. It also offers used-car acquisition, inspection, reconditioning, warehousing, pre-sales and after-sales, and various car-related value-added products and services, as well as warranty and repair, delivery, and title transfers and vehicle registration services.