Could XINYI GLASS HOLDINGS LTD ORDINARY SH (OTCMKTS:XYIGF) See a Reversal After More Sellers Came In?

June 16, 2018 - By Migdalia James

Xinyi Glass Holdings Limited (OTCMKTS:XYIGF) Logo

The stock of XINYI GLASS HOLDINGS LTD ORDINARY SH (OTCMKTS:XYIGF) registered an increase of 225.05% in short interest. XYIGF’s total short interest was 8.43 million shares in June as published by FINRA. Its up 225.05% from 2.59 million shares, reported previously. With 4,300 shares average volume, it will take short sellers 1961 days to cover their XYIGF’s short positions. The short interest to XINYI GLASS HOLDINGS LTD ORDINARY SH’s float is 0.49%.

The stock decreased 4.28% or $0.05 during the last trading session, reaching $1.23. About 7,240 shares traded or 55.63% up from the average. Xinyi Glass Holdings Limited (OTCMKTS:XYIGF) has 0.00% since June 16, 2017 and is . It has underperformed by 12.57% 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 $4.76 billion. The firm operates in three divisions: Float Glass, Automobile Glass, and Construction Glass. It has a 9.69 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.

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