Texxon Holding Limited (NASDAQ:NPT) Sees Large Drop in Short Interest

Texxon Holding Limited (NASDAQ:NPT) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 27,466 shares, a drop of 66.7% from the June 15th total of 82,514 shares. Based on an average daily trading volume, of 141,821 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Texxon Price Performance

Texxon stock opened at $2.70 on Monday. The business has a 50 day moving average of $1.95 and a 200-day moving average of $5.46. Texxon has a 1 year low of $1.14 and a 1 year high of $22.38.

Texxon (NASDAQ:NPT) last posted its earnings results on Tuesday, June 30th. The company reported ($0.02) EPS for the quarter. The company had revenue of $163.50 million for the quarter.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Texxon from a “sell” rating to a “hold” rating in a research note on Sunday. Weiss Ratings restated a “sell (e)” rating on shares of Texxon in a research report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Texxon has an average rating of “Sell”.

Texxon Company Profile

Texxon Holding Limited is a provider of supply chain management services in the plastics and chemical industries principally in East China. Texxon Holding Limited is based in Shanghai, China.