Short Interest in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Decreases By 30.2%

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 3,000 shares, a drop of 30.2% from the February 13th total of 4,300 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 23,200 shares, the days-to-cover ratio is currently 0.1 days.

Xinyuan Real Estate Stock Performance

Shares of Xinyuan Real Estate stock traded up $0.05 on Tuesday, hitting $2.76. 2,212 shares of the company traded hands, compared to its average volume of 45,633. Xinyuan Real Estate has a 12-month low of $2.24 and a 12-month high of $7.05. The firm’s 50-day simple moving average is $2.80 and its 200 day simple moving average is $3.16.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Xinyuan Real Estate

A hedge fund recently bought a new stake in Xinyuan Real Estate stock. Two Sigma Securities LLC bought a new stake in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XIN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and 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 about 0.19% of Xinyuan Real Estate as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.04% of the company’s stock.

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.