Xtep International Holdings Ltd. (OTCMKTS:XTEPY) Short Interest Down 44.0% in June

Xtep International Holdings Ltd. (OTCMKTS:XTEPY) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 108 shares, a drop of 44.0% from the May 31st total of 193 shares. Based on an average daily volume of 18 shares, the days-to-cover ratio is presently 6.0 days. Currently, 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Xtep International to a “hold” rating in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Xtep International Stock Down 0.5%

Shares of XTEPY stock opened at $48.63 on Wednesday. Xtep International has a 1 year low of $48.63 and a 1 year high of $84.94. The stock’s 50 day simple moving average is $54.24 and its two-hundred day simple moving average is $61.88. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.37.

Xtep International Company Profile

Xtep International Holdings Limited engages in the design, development, manufacture, sale, and marketing and brand management of sports footwear, apparel, and accessories. The company sells its products primarily under the XTEP brand, as well as Palladium, K-Swiss, Saucony, and Merrell brand names. It is also involved in the trading of sportswear products. As of March 18, 2021, the company managed an extensive distribution network with exclusive distributors that operated approximately 6,000 stores covering 31 provinces, autonomous regions, and municipalities in the People's Republic of China and internationally.