Foxx Development Holdings Inc. (NASDAQ:FOXX) Stock Short Interest Falls 78.5%

Foxx Development Holdings Inc. (NASDAQ:FOXX) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 1,794 shares, a decrease of 78.5% from the October 15th total of 8,341 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 13,791 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Foxx Development from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 13th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Foxx Development Trading Down 4.7%

Shares of FOXX stock opened at $1.30 on Thursday. Foxx Development has a twelve month low of $1.28 and a twelve month high of $7.90. The stock has a market capitalization of $9.23 million, a price-to-earnings ratio of -0.17 and a beta of -0.26. The stock has a fifty day simple moving average of $2.28 and a two-hundred day simple moving average of $3.55.

About Foxx Development

Foxx Development Holdings Inc. is a consumer electronics and integrated Internet-of-Things solution company catering to both retail and institutional clients. The company currently sells a diverse range of products including mobile phones, tablets and other consumer electronics devices principally in United State and is in the process of developing and distributing end-to-end communication terminals and IoT solutions. Foxx Development Holdings Inc., formerly known as Acri Capital Acquisition Corporation, is based in Austin, TX.