Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Short Interest Up 1,237.5% in April

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 10,700 shares, an increase of 1,237.5% from the March 31st total of 800 shares. Based on an average daily trading volume, of 26,300 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Xinyuan Real Estate Price Performance

XIN stock opened at $2.54 on Friday. Xinyuan Real Estate has a 52 week low of $1.16 and a 52 week high of $7.05. The firm has a 50-day simple moving average of $2.58 and a 200-day simple moving average of $2.94.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Xinyuan Real Estate in a report on Sunday. They issued a “hold” rating for the company.

Hedge Funds Weigh In On Xinyuan Real Estate

An institutional investor recently bought a new position in Xinyuan Real Estate stock. Two Sigma Securities LLC purchased a new position in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,390 shares of the financial services provider’s stock, valued at approximately $27,000. Two Sigma Securities LLC owned about 0.19% of Xinyuan Real Estate at the end of the most recent reporting period. 0.04% of the stock is currently owned by institutional investors and hedge funds.

Xinyuan Real Estate Company Profile

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.