Xinyi Glass Holdings Limited (OTCMKTS:XYIGF) Sees Significant Growth in Short Interest

Xinyi Glass Holdings Limited (OTCMKTS:XYIGF) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 24,165,700 shares, a growth of 44.8% from the January 31st total of 16,693,300 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is currently 34,522.4 days.

Analysts Set New Price Targets

Separately, Citigroup lowered Xinyi Glass from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th.

Xinyi Glass Price Performance

Shares of XYIGF opened at $0.92 on Tuesday. Xinyi Glass has a 1 year low of $0.84 and a 1 year high of $1.33. The company’s fifty day moving average is $0.93 and its two-hundred day moving average is $0.95.

About Xinyi Glass

Xinyi Glass Holdings Limited, an investment holding company, produces and sells automobile, construction, float, and other glass products for commercial and industrial applications. The company operates through three segments: Float Glass, Automobile Glass, and Architectural Glass. It is also involved in the manufacturing and sale of automobile rubber and plastic components, as well as electronic glass; trading of automobile glass; and research and trading of glass.