Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) Sees Large Decline in Short Interest

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 26,297 shares, a drop of 40.9% from the June 15th total of 44,498 shares. Based on an average daily volume of 39,114 shares, the days-to-cover ratio is presently 0.7 days. Approximately 90.7% of the company’s stock are sold short.

Lixiang Education Trading Up 3.5%

Shares of LXEH stock traded up $0.05 during trading on Friday, reaching $1.48. The company’s stock had a trading volume of 9,328 shares, compared to its average volume of 38,516. The stock’s 50-day moving average price is $1.37 and its 200 day moving average price is $1.82. Lixiang Education has a 1-year low of $0.83 and a 1-year high of $32.80.

Lixiang Education (NASDAQ:LXEH) last announced its earnings results on Tuesday, May 12th. The company reported ($3.59) earnings per share for the quarter. The company had revenue of $1.13 million for the quarter.

Institutional Investors Weigh In On Lixiang Education

A hedge fund recently bought a new position in Lixiang Education stock. XTX Topco Ltd acquired a new stake in Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 30,222 shares of the company’s stock, valued at approximately $43,000. XTX Topco Ltd owned 2.58% of Lixiang Education as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.51% of the company’s stock.

About Lixiang Education

Lixiang Education Holding Co, Ltd. provides primary and middle school education services from grade 1 to grade 9 in the People's Republic of China. As of December 31, 2020, the company operated two campuses, including Baiyun Campus and Yijing Campus. It also engages in the operation of food procurement. The company was formerly known as Lianwai Education Group Limited and changed its name to Lixiang Education Holding Co, Ltd. in May 26, 2020. The company was founded in 2001 and is headquartered in Lishui, the People's Republic of China.