Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Sees Large Decline in Short Interest

Xinyuan Real Estate Co., Ltd. (NYSE:XINGet Free Report) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 19,800 shares, a drop of 30.5% from the January 15th total of 28,500 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is currently 3.7 days. Currently, 0.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Xinyuan Real Estate

An institutional investor recently bought a new position in Xinyuan Real Estate stock. Atria Wealth Solutions Inc. purchased a new stake in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XINFree Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 478,629 shares of the financial services provider’s stock, valued at approximately $536,000. Atria Wealth Solutions Inc. owned approximately 0.90% of Xinyuan Real Estate as of its most recent filing with the Securities & Exchange Commission. 0.90% of the stock is owned by institutional investors and hedge funds.

Xinyuan Real Estate Stock Performance

Shares of NYSE:XIN opened at $2.64 on Tuesday. The business has a 50 day simple moving average of $2.71 and a two-hundred day simple moving average of $2.82. Xinyuan Real Estate has a 1 year low of $1.92 and a 1 year high of $6.96.

Analysts Set New Price Targets

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

Get Our Latest Analysis on XIN

About Xinyuan Real Estate

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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.

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