Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Short Interest Update

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 40,300 shares, a drop of 43.2% from the October 31st total of 70,900 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 128,200 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Xinyuan Real Estate in a research report on Tuesday. They issued a “hold” rating for the company.

Xinyuan Real Estate Stock Performance

XIN stock traded down $0.04 during mid-day trading on Thursday, reaching $3.16. 9,009 shares of the company’s stock were exchanged, compared to its average volume of 15,234. Xinyuan Real Estate has a 12-month low of $1.92 and a 12-month high of $7.05. The stock’s 50 day moving average is $3.85 and its 200 day moving average is $3.22.

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.