Xinyuan Real Estate Co., Ltd. (NYSE:XIN – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 19,100 shares, a drop of 19.1% from the July 15th total of 23,600 shares. Based on an average trading volume of 21,100 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.3% of the company’s shares are sold short.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on Xinyuan Real Estate in a research note on Wednesday. They set a “hold” rating on the stock.
Read Our Latest Research Report on Xinyuan Real Estate
Xinyuan Real Estate Stock Performance
Xinyuan Real Estate Company Profile
Xinyuan Real Estate Co, Ltd., together with its subsidiaries, engages in residential real estate development and construction in the People's Republic of China, the United States, Malaysia, and the United Kingdom. The company develops residential projects, such as multi-layer apartment buildings, sub-high-rise apartment buildings, high-rise apartment buildings; auxiliary services and amenities, such as retail outlets, leisure and health facilities, kindergartens, and schools, as well as office, mixed-use, and commercial properties.
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