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

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 123,400 shares, an increase of 228.2% from the September 30th total of 37,600 shares. Based on an average daily volume of 124,200 shares, the days-to-cover ratio is presently 1.0 days. Currently, 2.2% of the company’s shares are sold short.

Analyst Ratings Changes

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

Xinyuan Real Estate Trading Up 6.8 %

Shares of NYSE XIN traded up $0.24 during midday trading on Friday, hitting $3.75. The stock had a trading volume of 22,475 shares, compared to its average volume of 47,338. The business’s 50 day moving average is $3.44 and its 200-day moving average is $3.05. Xinyuan Real Estate has a 52 week low of $1.92 and a 52 week high of $7.05.

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.