Xinyi Glass Holdings Limited (OTCMKTS:XYIGF) Short Interest Up 70.2% in January

Xinyi Glass Holdings Limited (OTCMKTS:XYIGF) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 10,408,700 shares, a growth of 70.2% from the December 31st total of 6,114,300 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 20,817.4 days.

Analyst Ratings Changes

Separately, Citigroup lowered shares of Xinyi Glass from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th.

Xinyi Glass Price Performance

Shares of Xinyi Glass stock opened at $0.93 on Friday. Xinyi Glass has a 1 year low of $0.80 and a 1 year high of $1.33. The company’s fifty day moving average is $0.97 and its two-hundred day moving average is $0.97.

About Xinyi Glass

Xinyi Glass Holdings Limited, an investment holding company, produces and sells automobile, construction, float, and other glass products for commercial and industrial applications. The company operates through three segments: Float Glass, Automobile Glass, and Architectural Glass. It is also involved in the manufacturing and sale of automobile rubber and plastic components, as well as electronic glass; trading of automobile glass; and research and trading of glass.