Short Interest in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Drops By 20.0%

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 2,400 shares, a decline of 20.0% from the February 28th total of 3,000 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 18,600 shares, the short-interest ratio is presently 0.1 days.

Xinyuan Real Estate Price Performance

NYSE:XIN traded up $0.07 on Tuesday, reaching $2.64. The company’s stock had a trading volume of 8,875 shares, compared to its average volume of 45,783. Xinyuan Real Estate has a 12-month low of $2.24 and a 12-month high of $7.05. The stock has a 50 day moving average price of $2.77 and a 200 day moving average price of $3.15.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Xinyuan Real Estate in a research note on Wednesday, March 26th. They issued a “hold” rating for the company.

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 stake in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,390 shares of the financial services provider’s stock, valued at approximately $27,000. Two Sigma Securities LLC owned 0.19% of Xinyuan Real Estate at the end of the most recent quarter. 0.04% of the stock is currently owned by institutional investors.

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.