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

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 3,800 shares, a drop of 85.4% from the November 30th total of 26,000 shares. Based on an average trading volume of 134,600 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s shares are sold short.

Xinyuan Real Estate Stock Performance

NYSE:XIN traded up $0.15 on Thursday, hitting $2.56. 22,483 shares of the stock were exchanged, compared to its average volume of 43,025. The stock has a fifty day moving average of $3.33 and a 200-day moving average of $3.16. Xinyuan Real Estate has a fifty-two week low of $1.92 and a fifty-two week high of $7.05.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Xinyuan Real Estate in a research note on Friday, December 20th. They set a “hold” rating for the company.

About Xinyuan Real Estate

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.