Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) Sees Large Decrease in Short Interest

Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 224,829 shares, a decline of 85.9% from the May 14th total of 1,592,978 shares. Based on an average daily trading volume, of 626,021 shares, the short-interest ratio is presently 0.4 days. Currently, 21.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Eason Technology

A hedge fund recently raised its stake in Eason Technology stock. SmartHarvest Portfolios LLC raised its holdings in shares of Eason Technology Limited – Sponsored ADR (NYSEAMERICAN:DXF) by 327.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,924 shares of the company’s stock after acquiring an additional 45,907 shares during the quarter. SmartHarvest Portfolios LLC owned approximately 2.06% of Eason Technology worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.88% of the company’s stock.

Eason Technology Trading Down 18.6%

Shares of NYSEAMERICAN:DXF opened at $0.57 on Friday. Eason Technology has a 52-week low of $0.39 and a 52-week high of $6.85. The firm has a fifty day moving average of $0.72 and a 200 day moving average of $1.27.

Eason Technology (NYSEAMERICAN:DXF) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.42 earnings per share for the quarter. The business had revenue of $0.28 million during the quarter.

Eason Technology Company Profile

Dunxin Financial Holdings Limited, together with its subsidiaries, engages in the microfinance lending business in the People's Republic of China. It offers consumer, commercial, collateral-backed, and enterprise loans to micro sized enterprises, SMEs, sole proprietors, and individuals. The company is headquartered in Wuhan, China.