Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Short Interest Up 228.2% in October

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 123,400 shares, a growth of 228.2% from the September 30th total of 37,600 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average daily trading volume, of 124,200 shares, the days-to-cover ratio is presently 1.0 days.

Xinyuan Real Estate Stock Performance

Shares of NYSE XIN traded up $0.24 during midday trading on Friday, hitting $3.75. The stock had a trading volume of 22,475 shares, compared to its average volume of 47,338. Xinyuan Real Estate has a 1 year low of $1.92 and a 1 year high of $7.05. The stock has a 50 day simple moving average of $3.44 and a 200-day simple moving average of $3.06.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Xinyuan Real Estate in a research note on Friday. They set a “hold” rating for the company.

Xinyuan Real Estate Company Profile

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.