Short Interest in Xtep International Holdings Ltd. (OTCMKTS:XTEPY) Declines By 44.0%

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 108 shares, a decrease of 44.0% from the May 31st total of 193 shares. Based on an average daily trading volume, of 18 shares, the short-interest ratio is currently 6.0 days. Currently, 0.0% of the company’s stock are short sold.

Xtep International Price Performance

OTCMKTS XTEPY opened at $48.00 on Thursday. The company has a quick ratio of 2.02, a current ratio of 2.37 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average price is $54.01 and its two-hundred day moving average price is $61.72. Xtep International has a 1 year low of $48.00 and a 1 year high of $84.94.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Xtep International to a “hold” rating in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

About Xtep International

Xtep International Holdings Limited engages in the design, development, manufacture, sale, and marketing and brand management of sports footwear, apparel, and accessories. The company sells its products primarily under the XTEP brand, as well as Palladium, K-Swiss, Saucony, and Merrell brand names. It is also involved in the trading of sportswear products. As of March 18, 2021, the company managed an extensive distribution network with exclusive distributors that operated approximately 6,000 stores covering 31 provinces, autonomous regions, and municipalities in the People's Republic of China and internationally.