Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Short Interest Up 228.2% in October

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 123,400 shares, a growth of 228.2% from the September 30th total of 37,600 shares. Based on an average daily volume of 124,200 shares, the short-interest ratio is presently 1.0 days. Currently, 2.2% of the company’s stock are short sold.

Xinyuan Real Estate Stock Up 6.8 %

Shares of NYSE:XIN traded up $0.24 during trading on Friday, hitting $3.75. 22,475 shares of the company were exchanged, compared to its average volume of 47,338. The firm’s 50 day moving average price is $3.44 and its 200-day moving average price is $3.06. Xinyuan Real Estate has a 12-month low of $1.92 and a 12-month high of $7.05.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Xinyuan Real Estate in a research report on Friday. They set a “hold” rating for the company.

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.