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

Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 33,854 shares, a growth of 1,109.9% from the April 30th total of 2,798 shares. Based on an average daily volume of 87,938 shares, the days-to-cover ratio is presently 0.4 days. Currently, 116.7% of the shares of the company are sold short.

Lixiang Education Price Performance

Shares of NASDAQ:LXEH traded down $0.01 during trading on Wednesday, hitting $1.53. 16,734 shares of the stock were exchanged, compared to its average volume of 69,448. Lixiang Education has a 1-year low of $0.83 and a 1-year high of $32.80. The company’s fifty day simple moving average is $1.64 and its 200-day simple moving average is $2.27.

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

Hedge Funds Weigh In On Lixiang Education

A hedge fund recently bought a new stake in Lixiang Education stock. XTX Topco Ltd bought a new position in shares of Lixiang Education Holding Co., Ltd. Sponsored ADR (NASDAQ:LXEH) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 30,222 shares of the company’s stock, valued at approximately $43,000. XTX Topco Ltd owned 2.58% of Lixiang Education at the end of the most recent reporting period. Hedge funds and other institutional investors 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.