Texxon Holding Limited (NASDAQ:NPT) Short Interest Update

Texxon Holding Limited (NASDAQ:NPT) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 27,466 shares, a drop of 66.7% from the June 15th total of 82,514 shares. Based on an average daily trading volume, of 141,821 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NPT shares. Wall Street Zen raised Texxon from a “sell” rating to a “hold” rating in a report on Sunday. Weiss Ratings restated a “sell (e)” rating on shares of Texxon in a report on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Texxon Stock Down 2.6%

Shares of Texxon stock traded down $0.07 on Tuesday, reaching $2.65. The company’s stock had a trading volume of 28,105 shares, compared to its average volume of 1,855,142. Texxon has a 52 week low of $1.14 and a 52 week high of $22.38. The firm’s fifty day simple moving average is $1.99 and its two-hundred day simple moving average is $5.43.

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

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.