Haoxin Holdings Limited (NASDAQ:HXHX) Stock Short Interest Falls 69.1%

Haoxin Holdings Limited (NASDAQ:HXHX) was the recipient of a significant drop in short interest in October. As of October 30th, there was short interest totaling 56,108 shares, a drop of 69.1% from the October 15th total of 181,505 shares. Based on an average daily volume of 325,307 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Haoxin in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Haoxin presently has a consensus rating of “Sell”.

Haoxin Price Performance

HXHX stock traded down $0.00 during trading on Friday, reaching $0.15. 83,668 shares of the company traded hands, compared to its average volume of 1,952,810. Haoxin has a 12 month low of $0.12 and a 12 month high of $1.47. The business has a 50 day simple moving average of $0.31 and a 200 day simple moving average of $0.45.

About Haoxin

Haoxin Holdings Limited is a China-based company focused on the commercial vehicle sector. Through its operating subsidiaries, the company is primarily engaged in the sale of used commercial vehicles and related automotive products and services. Its activities may also include vehicle repair, maintenance and other support services associated with commercial vehicles. These offerings are intended to serve customers in China’s commercial transportation and automotive markets. Haoxin Holdings Limited is incorporated as a holding company, with its business conducted through subsidiaries in China.