Haoxin Holdings Limited (NASDAQ:HXHX) Stock Short Interest Jumps 538.4%

Haoxin Holdings Limited (NASDAQ:HXHX) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 181,505 shares, an increase of 538.4% from the September 30th total of 28,430 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average trading volume of 5,607,756 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Haoxin in a report on Wednesday, July 29th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Haoxin Stock Down 1.3%

HXHX traded down $0.00 during midday trading on Tuesday, hitting $0.18. The company’s stock had a trading volume of 27,503 shares, compared to its average volume of 1,760,305. The firm has a 50-day moving average price of $0.40 and a two-hundred day moving average price of $0.48. Haoxin has a 52-week low of $0.18 and a 52-week high of $1.47.

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.