Foxx Development Holdings Inc. (NASDAQ:FOXX) Shares Shorted: Short Interest Down 41.0% in October

Foxx Development Holdings Inc. (NASDAQ:FOXX) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 8,341 shares, a decline of 41.0% from the September 30th total of 14,140 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 7,184 shares, the short-interest ratio is presently 1.2 days.

Foxx Development Stock Up 1.1%

NASDAQ FOXX traded up $0.02 on Friday, hitting $1.82. 50,205 shares of the stock were exchanged, compared to its average volume of 9,000. The company has a market cap of $12.87 million, a PE ratio of -0.24 and a beta of -0.34. Foxx Development has a fifty-two week low of $1.71 and a fifty-two week high of $7.90. The company has a 50-day moving average price of $2.47 and a 200-day moving average price of $3.65.

Foxx Development (NASDAQ:FOXX) last issued its quarterly earnings data on Monday, September 28th. The company reported ($1.30) earnings per share (EPS) for the quarter. The business had revenue of $6.98 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Foxx Development from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Foxx Development

Foxx Development Holdings Inc is a consumer electronics and integrated Internet-of-Things solution company catering to both retail and institutional clients. The company currently sells a diverse range of products including mobile phones, tablets and other consumer electronics devices principally in United State and is in the process of developing and distributing end-to-end communication terminals and IoT solutions. Foxx Development Holdings Inc, formerly known as Acri Capital Acquisition Corporation, is based in Austin, TX.