Haoxin Holdings Limited (NASDAQ:HXHX) Short Interest Update

Haoxin Holdings Limited (NASDAQ:HXHX) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 155,148 shares, a growth of 103.7% from the May 31st total of 76,166 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 7,787,930 shares, the short-interest ratio is presently 0.0 days.

Haoxin Trading Up 6.8%

Shares of NASDAQ:HXHX traded up $0.03 during trading on Tuesday, reaching $0.41. 13,383,184 shares of the company traded hands, compared to its average volume of 1,882,493. Haoxin has a 52 week low of $0.33 and a 52 week high of $1.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.37 and a current ratio of 2.37. The company’s 50 day moving average is $0.50 and its two-hundred day moving average is $0.52.

Haoxin (NASDAQ:HXHX) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.08 EPS for the quarter. The company had revenue of $7.60 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Haoxin from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Haoxin has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Haoxin stock. Marex Group plc bought a new position in shares of Haoxin Holdings Limited (NASDAQ:HXHX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 reporting period.

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.