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

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 3,000 shares, a decline of 30.2% from the February 13th total of 4,300 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 23,200 shares, the days-to-cover ratio is presently 0.1 days.

Xinyuan Real Estate Stock Up 0.2 %

Shares of NYSE:XIN traded up $0.01 during midday trading on Monday, reaching $2.71. The company’s stock had a trading volume of 13,852 shares, compared to its average volume of 45,806. The stock has a fifty day moving average of $2.80 and a 200 day moving average of $3.16. Xinyuan Real Estate has a twelve month low of $2.24 and a twelve month high of $7.05.

Institutional Investors Weigh In On Xinyuan Real Estate

An institutional investor recently bought a new position in Xinyuan Real Estate stock. Two Sigma Securities LLC bought a new position in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,390 shares of the financial services provider’s stock, valued at approximately $27,000. Two Sigma Securities LLC owned about 0.19% of Xinyuan Real Estate as of its most recent SEC filing. Hedge funds and other institutional investors own 0.04% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Xinyuan Real Estate in a report on Monday, March 10th. They issued 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.