Short Interest in Haoxin Holdings Limited (NASDAQ:HXHX) Increases By 289.1%

Haoxin Holdings Limited (NASDAQ:HXHX) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 55,676 shares, an increase of 289.1% from the December 15th total of 14,310 shares. Based on an average daily trading volume, of 30,530,388 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.4% of the company’s shares are short sold. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 30,530,388 shares, the days-to-cover ratio is presently 0.0 days.

Haoxin Stock Performance

NASDAQ HXHX traded down $0.02 during mid-day trading on Tuesday, hitting $0.53. The company’s stock had a trading volume of 107,975 shares, compared to its average volume of 1,215,284. The company’s 50 day simple moving average is $0.60 and its 200 day simple moving average is $1.01. Haoxin has a twelve month low of $0.33 and a twelve month high of $6.29.

Institutional Investors Weigh In On Haoxin

An institutional investor recently bought a new position in Haoxin stock. Marex Group plc acquired a new stake in shares of Haoxin Holdings Limited (NASDAQ:HXHX) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned approximately 0.20% of Haoxin at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Haoxin in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.