Texxon Holding Limited (NASDAQ:NPT) Short Interest Down 43.1% in August

Texxon Holding Limited (NASDAQ:NPT) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 6,365 shares, a drop of 43.1% from the August 15th total of 11,188 shares. Based on an average daily trading volume, of 11,664 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Texxon Trading Down 9.7%

Shares of NPT stock traded down $0.30 during trading on Thursday, reaching $2.80. The company’s stock had a trading volume of 38,023 shares, compared to its average volume of 1,383,437. Texxon has a 1-year low of $1.14 and a 1-year high of $22.38. The stock’s 50-day moving average price is $3.17 and its 200 day moving average price is $4.58.

Texxon (NASDAQ:NPT) last announced its quarterly earnings data on Tuesday, June 30th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $163.50 million for the quarter.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NPT. Wall Street Zen upgraded shares of Texxon from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings raised Texxon from a “sell (e)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Texxon

Texxon Holding Limited is a provider of supply chain management services in the plastics and chemical industries principally in East China. Texxon Holding Limited is based in Shanghai, China.