Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Short Interest Update

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 3,000 shares, a drop of 30.2% from the February 13th total of 4,300 shares. Based on an average trading volume of 23,200 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Xinyuan Real Estate Stock Down 0.6 %

Shares of XIN stock opened at $2.70 on Friday. Xinyuan Real Estate has a 12-month low of $2.24 and a 12-month high of $7.05. The business’s fifty day simple moving average is $2.80 and its 200-day simple moving average is $3.15.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Xinyuan Real Estate stock. Two Sigma Securities LLC purchased a new stake in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,390 shares of the financial services provider’s stock, valued at approximately $27,000. Two Sigma Securities LLC owned 0.19% of Xinyuan Real Estate at the end of the most recent reporting period. 0.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Xinyuan Real Estate in a research report on Monday, March 10th. They issued a “hold” rating for the company.

About Xinyuan Real Estate

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.