Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Short Interest Down 42.5% in October

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 70,900 shares, a decline of 42.5% from the October 15th total of 123,400 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily volume of 127,000 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Xinyuan Real Estate in a research report on Sunday. They issued a “hold” rating on the stock.

Xinyuan Real Estate Price Performance

XIN traded down $0.07 during trading on Wednesday, reaching $3.74. 9,554 shares of the stock were exchanged, compared to its average volume of 45,646. Xinyuan Real Estate has a twelve month low of $1.92 and a twelve month high of $7.05. The stock’s 50 day moving average price is $3.72 and its two-hundred day moving average price is $3.17.

Xinyuan Real Estate Company Profile

Xinyuan Real Estate Co, Ltd., together with its subsidiaries, engages in residential real estate development and construction in the People's Republic of China, the United States, Malaysia, and the United Kingdom. The company develops residential projects, such as multi-layer apartment buildings, sub-high-rise apartment buildings, high-rise apartment buildings; auxiliary services and amenities, such as retail outlets, leisure and health facilities, kindergartens, and schools, as well as office, mixed-use, and commercial properties.