Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Sees Large Increase in Short Interest

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 208,000 shares, a growth of 12.6% from the June 30th total of 184,800 shares. Based on an average trading volume of 85,200 shares, the short-interest ratio is currently 2.4 days. Approximately 0.3% of the shares of the stock are sold short.

Shares of XIN stock opened at $3.86 on Friday. The business’s fifty day moving average price is $4.18 and its 200 day moving average price is $4.52. Xinyuan Real Estate has a 1-year low of $3.60 and a 1-year high of $5.10. The firm has a market capitalization of $329.62 million, a PE ratio of 2.05 and a beta of 1.64. The company has a debt-to-equity ratio of 4.57, a current ratio of 1.84 and a quick ratio of 1.84.

Xinyuan Real Estate (NYSE:XIN) last announced its quarterly earnings data on Thursday, May 23rd. The financial services provider reported $0.33 earnings per share for the quarter. Xinyuan Real Estate had a return on equity of 16.95% and a net margin of 4.14%. The firm had revenue of $468.85 million for the quarter.

A number of hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC grew its holdings in Xinyuan Real Estate by 103.0% during the second quarter. Acadian Asset Management LLC now owns 582,074 shares of the financial services provider’s stock worth $2,435,000 after acquiring an additional 295,315 shares during the period. Marshall Wace LLP acquired a new stake in Xinyuan Real Estate in the first quarter valued at $626,000. Millennium Management LLC grew its holdings in Xinyuan Real Estate by 81.3% in the fourth quarter. Millennium Management LLC now owns 115,065 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 51,586 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Xinyuan Real Estate by 31.0% in the second quarter. Mackenzie Financial Corp now owns 90,900 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 21,500 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Xinyuan Real Estate by 65.5% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 78,425 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 31,025 shares during the last quarter. 7.30% of the stock is currently owned by hedge funds and other institutional investors.

Xinyuan Real Estate Company Profile

Xinyuan Real Estate Co, Ltd., through its subsidiaries, develops residential real estate properties for middle income consumers in the People's Republic of China and the United States. It develops residential projects, such as multi-layer apartment buildings, sub-high-rise apartment buildings, or high-rise apartment buildings; auxiliary services and amenities, such as retail outlets, leisure and health facilities, kindergartens, and schools; and small scale residential properties, as well as office, mixed-use, and commercial properties.

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