BingEx Limited (NASDAQ:FLX) Short Interest Update

BingEx Limited (NASDAQ:FLX) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 82,071 shares, a growth of 120.0% from the December 15th total of 37,310 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 142,294 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 142,294 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FLX shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BingEx in a report on Monday, December 29th. Wall Street Zen raised shares of BingEx to a “hold” rating in a research note on Saturday, December 6th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, BingEx presently has an average rating of “Hold” and a consensus target price of $4.70.

Institutional Trading of BingEx

Institutional investors have recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC acquired a new stake in shares of BingEx during the 3rd quarter valued at about $32,000. XTX Topco Ltd bought a new position in shares of BingEx during the 2nd quarter valued at $34,000. Jane Street Group LLC acquired a new stake in shares of BingEx in the 2nd quarter valued at $40,000. Citadel Advisors LLC boosted its holdings in BingEx by 82.6% in the third quarter. Citadel Advisors LLC now owns 111,004 shares of the company’s stock worth $355,000 after purchasing an additional 50,198 shares in the last quarter. Finally, Susquehanna International Group LLP raised its holdings in BingEx by 400.0% during the third quarter. Susquehanna International Group LLP now owns 6,495,883 shares of the company’s stock valued at $20,852,000 after buying an additional 5,196,683 shares in the last quarter.

BingEx Stock Down 0.3%

Shares of FLX traded down $0.01 during trading hours on Wednesday, reaching $3.18. The company’s stock had a trading volume of 28,730 shares, compared to its average volume of 145,356. The company has a 50 day moving average of $3.22 and a two-hundred day moving average of $3.25. The firm has a market cap of $177.95 million, a price-to-earnings ratio of -317.90 and a beta of 0.87. BingEx has a 1-year low of $2.01 and a 1-year high of $9.49.

BingEx (NASDAQ:FLX) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.13 EPS for the quarter. The firm had revenue of $141.23 million for the quarter. BingEx had a negative net margin of 5.04% and a negative return on equity of 1.13%.

BingEx Company Profile

BingEx Limited, through its subsidiaries, provides on-demand courier services under the FlashEx brand name in the People’s Republic of China. The company offers Flash-Riders as service providers. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website. The company was incorporated in 2014 and is headquartered in Beijing, the People’s Republic of China.