Uxin Limited (NASDAQ:UXIN) Short Interest Up 16.4% in July

Uxin Limited (NASDAQ:UXINGet Rating) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 5,670,000 shares, a growth of 16.4% from the June 30th total of 4,870,000 shares. Based on an average trading volume of 3,120,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.7% of the company’s shares are short sold.

Uxin Trading Up 6.2 %

Shares of Uxin stock opened at $0.63 on Wednesday. Uxin has a twelve month low of $0.36 and a twelve month high of $4.10. The stock has a market capitalization of $233.96 million, a P/E ratio of -0.78 and a beta of 0.91. The business’s fifty day moving average price is $0.57 and its 200 day moving average price is $0.81.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UXIN. Allspring Global Investments Holdings LLC acquired a new position in Uxin in the fourth quarter valued at $18,082,000. Envestnet Asset Management Inc. raised its position in Uxin by 875.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 103,851 shares of the company’s stock valued at $164,000 after purchasing an additional 93,205 shares during the period. ProShare Advisors LLC raised its position in Uxin by 17.6% in the fourth quarter. ProShare Advisors LLC now owns 655,234 shares of the company’s stock valued at $1,035,000 after purchasing an additional 98,274 shares during the period. Pictet Asset Management SA purchased a new position in Uxin in the fourth quarter valued at about $65,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Uxin by 45.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 513,859 shares of the company’s stock valued at $524,000 after purchasing an additional 159,376 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

Uxin Company Profile

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Uxin Limited, an investment holding company, operates a used car e-commerce platform in China. It provides selection of used cars, evaluation of car condition, various car-related value-added products and services, and supporting services to online used car transactions under the Uxin Used Car brand; and operates Uxin Auction, an application that helps business buyers to source vehicles through online auctions.

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