Xinyi Glass Holdings Limited (OTCMKTS:XYIGF) Short Interest Up 29.5% in April

Xinyi Glass Holdings Limited (OTCMKTS:XYIGF - Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 34,288,600 shares, an increase of 29.5% from the March 31st total of 26,480,600 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is currently 15,585.7 days. Currently, 0.8% of the company's shares are short sold.

Xinyi Glass Stock Performance

Shares of XYIGF remained flat at $0.90 on Wednesday. Xinyi Glass has a 52-week low of $0.84 and a 52-week high of $1.33. The business's 50 day simple moving average is $0.94 and its two-hundred day simple moving average is $0.97.

Analysts Set New Price Targets

Separately, Citigroup cut Xinyi Glass from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 7th.

Xinyi Glass Company Profile

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.