China XD Plastics Sees Significant Increase in Short Interest (CXDC)
Shares of China XD Plastics (NASDAQ:CXDC) were the recipient of a large growth in short interest during the month of May. As of May 30th, there was short interest totalling 1,097,150 shares, a growth of 51.9% from the May 15th total of 722,276 shares, American Banking and Market News reports. Based on an average daily trading volume, of 690,139 shares, the days-to-cover ratio is currently 1.6 days. Currently, 6.9% of the shares of the company are sold short.
Separately, analysts at TheStreet upgraded shares of China XD Plastics from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th.
Shares of China XD Plastics (NASDAQ:CXDC) opened at 8.98 on Wednesday. China XD Plastics has a 1-year low of $4.02 and a 1-year high of $13.24. The stock has a 50-day moving average of $9.36 and a 200-day moving average of $6.25. The company has a market cap of $437.1 million and a P/E ratio of 4.00.
China XD Plastics (NASDAQ:CXDC) last announced its earnings results on Wednesday, May 14th. The company reported $0.34 EPS for the quarter. The company had revenue of $223.60 million for the quarter, compared to the consensus estimate of $171.00 million.
China XD Plastics Company Limited (NASDAQ:CXDC) is a manufacturer and developer of modified plastics.
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