Could XINYI GLASS HOLDINGS LTD ORDINARY SH (OTCMKTS:XYIGF) Change Direction After Less Shorts?

Xinyi Glass Holdings Limited (OTCMKTS:XYIGF) Logo

The stock of XINYI GLASS HOLDINGS LTD ORDINARY SH (OTCMKTS:XYIGF) registered a decrease of 10.06% in short interest. XYIGF’s total short interest was 22.30M shares in August as published by FINRA. Its down 10.06% from 24.79 million shares, reported previously. With 11,300 shares average volume, it will take short sellers 1973 days to cover their XYIGF’s short positions.

The stock decreased 1.72% or $0.0163 during the last trading session, reaching $0.93. About 2,000 shares traded. Xinyi Glass Holdings Limited (OTCMKTS:XYIGF) has 0.00% since August 13, 2018 and is . It has by 0.00% the S&P500.

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 has market cap of $3.85 billion. The firm operates in three divisions: Float Glass, Automobile Glass, and Construction Glass. It has a 6.79 P/E ratio. It is also involved in the production and sale of automobile rubber and plastic components, as well as electronic glass; trading of automobile glass; and research and trading of glass.

Another recent and important Xinyi Glass Holdings Limited (OTCMKTS:XYIGF) news was published by Seekingalpha.com which published an article titled: “Xinyi Glass: Market Leader To Capitalize On Favorable Supply-Demand Dynamics And Lower Raw Material Costs – Seeking Alpha” on March 07, 2018.

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