Haoxin Holdings Limited (NASDAQ:HXHX) Short Interest Down 73.1% in April

Haoxin Holdings Limited (NASDAQ:HXHX) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 183,548 shares, a drop of 73.1% from the March 31st total of 682,335 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily volume of 979,187 shares, the short-interest ratio is presently 0.2 days.

Haoxin Trading Down 2.2%

Shares of Haoxin stock traded down $0.01 during trading on Monday, reaching $0.60. 63,886 shares of the stock traded hands, compared to its average volume of 1,598,844. The business has a fifty day simple moving average of $0.52 and a two-hundred day simple moving average of $0.62. Haoxin has a 52-week low of $0.33 and a 52-week high of $2.15.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Haoxin in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Haoxin stock. Marex Group plc purchased a new stake in Haoxin Holdings Limited (NASDAQ:HXHX) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned about 0.20% of Haoxin at the end of the most recent quarter.

Haoxin Company Profile

We are a provider of temperature-controlled truckload service and urban delivery services in China with over 21 years of experience in the transportation industry. We started our urban delivery service business in 2003 and started expanding our business into temperature-controlled truckload service in 2016. We currently conduct all of our operations through our subsidiaries, Ningbo Haoxin, Zhejiang Haoxin, Longanda and Haiyue, and have experienced a steady growth in our business in recent years. The goods we take charge of transporting focus on factory logistics, which include electronic devices, chemicals, fruit, food and commercial goods.