Short Interest in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Drops By 18.9%

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 12,900 shares, a decline of 18.9% from the August 31st total of 15,900 shares. Based on an average daily volume of 7,500 shares, the short-interest ratio is currently 1.7 days. Approximately 0.2% of the company’s stock are short sold.

Xinyuan Real Estate Stock Performance

Shares of NYSE XIN traded up $0.02 during trading on Friday, reaching $4.01. The stock had a trading volume of 167,314 shares, compared to its average volume of 13,630. The company has a debt-to-equity ratio of 5.85, a current ratio of 0.28 and a quick ratio of 0.28. Xinyuan Real Estate has a one year low of $1.92 and a one year high of $4.65. The firm’s 50 day moving average price is $2.90 and its two-hundred day moving average price is $2.85.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Xinyuan Real Estate in a research report on Monday, September 23rd. They set a “hold” rating on the stock.

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.