Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) Sees Significant Growth in Short Interest

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 45,137 shares, an increase of 306.8% from the September 15th total of 11,096 shares. Approximately 155.6% of the company’s shares are short sold. Based on an average trading volume of 2,626,117 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Lixiang Education from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 17th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Lixiang Education Stock Performance

NASDAQ:LXEH traded down $0.08 during trading hours on Friday, reaching $1.71. 7,295 shares of the company were exchanged, compared to its average volume of 1,487,961. The stock has a 50 day simple moving average of $1.66 and a 200 day simple moving average of $1.55. Lixiang Education has a 52-week low of $0.83 and a 52-week high of $7.94.

Lixiang Education (NASDAQ:LXEH) last announced its quarterly earnings data on Friday, September 11th. The company reported ($0.74) earnings per share (EPS) for the quarter. The firm had revenue of $1.12 million for the quarter.

About Lixiang Education

Lixiang Education Holding Limited is a China-based private education company focused on providing primary and secondary education services. The company operates schools that offer formal academic instruction and related student services.

Lixiang Education’s activities have included classroom education, curriculum-based learning, extracurricular programs and supporting services such as student accommodation and campus operations. Its educational offerings are designed for students in compulsory education grades.

The company is based in Lishui, Zhejiang Province, China, and has historically served students and families in that region through its private school operations.