China XD Plastics Short Interest Up 31.7% in June (CXDC)
China XD Plastics (NASDAQ:CXDC) was the recipient of a significant increase in short interest in the month of June. As of June 13th, there was short interest totalling 1,445,438 shares, an increase of 31.7% from the May 30th total of 1,097,150 shares, Analyst Ratings Network.com reports. Based on an average trading volume of 883,689 shares, the short-interest ratio is presently 1.6 days. Approximately 9.1% of the shares of the stock are short sold.
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.
China XD Plastics (NASDAQ:CXDC) opened at 8.31 on Thursday. China XD Plastics has a 52-week low of $4.05 and a 52-week high of $13.24. The stock has a 50-day moving average of $9.70 and a 200-day moving average of $6.53. The company has a market cap of $404.5 million and a price-to-earnings ratio of 3.79.
China XD Plastics (NASDAQ:CXDC) last released its earnings data on Wednesday, May 14th. The company reported $0.34 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.