Xinyi Solar Holdings Limited (OTCMKTS:XNYIF) Stock Short Interest Declines 35.6%

Xinyi Solar Holdings Limited (OTCMKTS:XNYIF) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 10,088,657 shares, a decline of 35.6% from the August 31st total of 15,669,283 shares. Based on an average daily trading volume, of 1,220 shares, the days-to-cover ratio is currently 8,269.4 days.

Xinyi Solar Price Performance

Xinyi Solar stock opened at $0.24 on Friday. Xinyi Solar has a 1-year low of $0.22 and a 1-year high of $0.52. The firm’s 50 day simple moving average is $0.28 and its 200 day simple moving average is $0.32.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Xinyi Solar from a “neutral” rating to a “buy” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Xinyi Solar has a consensus rating of “Buy”.

About Xinyi Solar

Xinyi Solar Holdings Limited is a China-based renewable-energy company focused primarily on the manufacture and sale of solar photovoltaic (PV) glass. Its products include ultra-clear patterned glass and other specialized glass products used in solar modules, where they help protect photovoltaic cells while allowing sunlight to pass through efficiently.

The company also develops, constructs, owns and operates solar power projects. Through these activities, Xinyi Solar participates in multiple stages of the solar-energy value chain, including PV glass production, solar-farm development and electricity generation.