Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) Sees Significant Growth in Short Interest

Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 253,530 shares, an increase of 352.8% from the July 15th total of 55,989 shares. Currently, 23.9% of the shares of the stock are sold short. Based on an average daily volume of 2,336,248 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Eason Technology

An institutional investor recently raised its stake in Eason Technology stock. SmartHarvest Portfolios LLC grew its stake in Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) by 327.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,924 shares of the company’s stock after acquiring an additional 45,907 shares during the period. SmartHarvest Portfolios LLC owned 2.06% of Eason Technology worth $49,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.88% of the company’s stock.

Eason Technology Price Performance

Shares of DXF stock traded up $0.03 during trading hours on Wednesday, hitting $0.56. 1,080,608 shares of the company’s stock were exchanged, compared to its average volume of 4,067,984. Eason Technology has a 52 week low of $0.32 and a 52 week high of $6.71. The stock’s 50-day moving average is $0.54 and its 200-day moving average is $0.78.

About Eason Technology

Dunxin Financial Holdings Limited, together with its subsidiaries, engages in the microfinance lending business in the People's Republic of China. It offers consumer, commercial, collateral-backed, and enterprise loans to micro sized enterprises, SMEs, sole proprietors, and individuals. The company is headquartered in Wuhan, China.