Uxin Limited Sponsored ADR (NASDAQ:UXIN) Sees Significant Increase in Short Interest

Key Points

• Uxin Limited Sponsored ADR (NASDAQ:UXIN) experienced a dramatic increase in short interest by 26,028.6% in July, totaling 182,900 shares compared to just 700 shares at the end of June.
• Wall Street Zen raised Uxin's rating to a "hold" as of July 18th, indicating a more cautious outlook by analysts.
• The company's recent earnings report revealed a loss of ($0.03) earnings per share (EPS) and a negative return on equity of 498.99% for the quarter.

Uxin Limited Sponsored ADR (NASDAQ:UXIN - Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 182,900 shares, agrowthof26,028.6% from the June 30th total of 700 shares. Currently,0.1% of the company's stock are short sold. Based on an average daily volume of 56,000 shares, the days-to-cover ratio is currently 3.3 days. Based on an average daily volume of 56,000 shares, the days-to-cover ratio is currently 3.3 days. Currently,0.1% of the company's stock are short sold.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Uxin to a "hold" rating in a research report on Friday, July 18th.

Uxin Price Performance

NASDAQ UXIN traded up $0.13 on Friday, reaching $3.61. The stock had a trading volume of 108,065 shares, compared to its average volume of 55,563. The firm has a fifty day moving average of $4.08 and a two-hundred day moving average of $4.25. Uxin has a 1-year low of $1.41 and a 1-year high of $7.84. The company has a market cap of $678.63 million, a P/E ratio of -18.15 and a beta of 1.26.

Uxin (NASDAQ:UXIN - Get Free Report) last released its earnings results on Thursday, June 12th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $69.48 million for the quarter. Uxin had a negative return on equity of 498.99% and a negative net margin of 12.86%.

Institutional Trading of Uxin

A hedge fund recently bought a new stake in Uxin stock. XTX Topco Ltd acquired a new position in shares of Uxin Limited Sponsored ADR (NASDAQ:UXIN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,052 shares of the company's stock, valued at approximately $60,000. Institutional investors and hedge funds own 22.41% of the company's stock.

About Uxin

Uxin Limited, an investment holding company, engages in the retail sale of vehicles in China. The company operates an e-commerce platform for buying and selling used cars. It also offers used-car acquisition, inspection, reconditioning, warehousing, pre-sales and after-sales, and various car-related value-added products and services, as well as warranty and repair, delivery, and title transfers and vehicle registration services.

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