Texxon Holding Limited (NASDAQ:NPT) Short Interest Down 63.3% in July

Texxon Holding Limited (NASDAQ:NPT) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 9,432 shares, a decrease of 63.3% from the July 15th total of 25,679 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 31,212 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NPT. Wall Street Zen upgraded shares of Texxon from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings raised shares of Texxon from a “sell (e)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Texxon Stock Performance

NPT stock traded up $0.03 during trading on Friday, hitting $3.62. The company had a trading volume of 5,663 shares, compared to its average volume of 1,585,796. The business has a 50-day moving average of $2.80 and a 200-day moving average of $5.03. Texxon has a one year low of $1.14 and a one year high of $22.38.

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

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.