Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Short Interest Update

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) 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.

Xinyuan Real Estate Stock Performance

XIN stock traded up $0.02 during midday trading on Thursday, reaching $2.85. The company’s stock had a trading volume of 4,972 shares, compared to its average volume of 11,318. Xinyuan Real Estate has a 1 year low of $1.92 and a 1 year high of $4.26. The stock has a fifty day simple moving average of $2.81 and a two-hundred day simple moving average of $2.80. The company has a debt-to-equity ratio of 5.85, a quick ratio of 0.28 and a current ratio of 0.28.

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.