Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Short Interest Down 85.4% in December

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 3,800 shares, a drop of 85.4% from the November 30th total of 26,000 shares. Based on an average trading volume of 134,600 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

Xinyuan Real Estate Stock Performance

Shares of XIN stock traded up $0.15 during trading hours on Thursday, reaching $2.56. 22,483 shares of the company’s stock were exchanged, compared to its average volume of 43,025. The company’s 50 day moving average is $3.33 and its two-hundred day moving average is $3.16. Xinyuan Real Estate has a 1 year low of $1.92 and a 1 year high of $7.05.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Xinyuan Real Estate in a research report on Friday, December 20th. They set a “hold” rating on the stock.

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.