Uxin Limited (NASDAQ:UXIN - Get Free Report) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 238,300 shares, a decline of 35.4% from the February 28th total of 369,000 shares. Approximately 0.1% of the company's shares are sold short. Based on an average daily volume of 61,700 shares, the short-interest ratio is presently 3.9 days.
Hedge Funds Weigh In On Uxin
A hedge fund recently bought a new stake in Uxin stock. Advisors Preferred LLC purchased a new stake in shares of Uxin Limited (NASDAQ:UXIN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,748 shares of the company's stock, valued at approximately $27,000. Hedge funds and other institutional investors own 22.41% of the company's stock.
Uxin Price Performance
UXIN traded up $0.08 during midday trading on Wednesday, reaching $4.40. 8,664 shares of the company's stock traded hands, compared to its average volume of 538,661. The stock has a market capitalization of $825.45 million, a price-to-earnings ratio of -0.22 and a beta of 1.20. Uxin has a 52 week low of $1.41 and a 52 week high of $7.84. The firm has a fifty day moving average of $4.33 and a two-hundred day moving average of $4.45.
About Uxin
(
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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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