Uxin Limited (NASDAQ:UXIN) Sees Large Drop in Short Interest

Uxin Limited (NASDAQ:UXIN) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 238,300 shares, a drop of 35.4% from the February 28th total of 369,000 shares. Based on an average daily trading volume, of 61,700 shares, the days-to-cover ratio is currently 3.9 days. Currently, 0.1% of the shares of the company are sold short.

Uxin Stock Down 5.0 %

Shares of NASDAQ UXIN opened at $4.00 on Friday. Uxin has a 12 month low of $1.41 and a 12 month high of $7.84. The company has a market cap of $751.26 million, a P/E ratio of -0.20 and a beta of 1.20. The business’s 50 day moving average is $4.35 and its two-hundred day moving average is $4.39.

Institutional Investors Weigh In On Uxin

A hedge fund recently bought a new stake in Uxin stock. Advisors Preferred LLC purchased a new position in Uxin Limited (NASDAQ:UXIN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,748 shares of the company’s stock, valued at approximately $27,000. Institutional investors own 22.41% of the company’s stock.

Uxin Company Profile

Uxin Limited, an investment holding company, engages in the retail sale of vehicles in China. The company operates an e-commerce platform for buying and selling used cars. It also offers used-car acquisition, inspection, reconditioning, warehousing, pre-sales and after-sales, and various car-related value-added products and services, as well as warranty and repair, delivery, and title transfers and vehicle registration services.