Short Interest in Xinyuan Real Estate Co., Ltd. (NYSE:XIN) Declines By 12.3%

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 183,700 shares, a drop of 12.3% from the September 30th total of 209,400 shares. Based on an average daily volume of 117,900 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.3% of the shares of the stock are sold short.

A number of institutional investors have recently made changes to their positions in the stock. Diversified Trust Co bought a new position in Xinyuan Real Estate during the second quarter valued at approximately $48,000. Mackenzie Financial Corp boosted its stake in Xinyuan Real Estate by 31.0% during the second quarter. Mackenzie Financial Corp now owns 90,900 shares of the financial services provider’s stock valued at $380,000 after buying an additional 21,500 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Xinyuan Real Estate by 65.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 78,425 shares of the financial services provider’s stock valued at $328,000 after buying an additional 31,025 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Xinyuan Real Estate by 103.0% during the second quarter. Acadian Asset Management LLC now owns 582,074 shares of the financial services provider’s stock valued at $2,435,000 after buying an additional 295,315 shares during the last quarter. 7.81% of the stock is owned by institutional investors.

NYSE:XIN opened at $3.90 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 4.76. Xinyuan Real Estate has a 12-month low of $3.59 and a 12-month high of $5.10. The stock has a 50-day moving average price of $4.03 and a 200 day moving average price of $4.21. The stock has a market capitalization of $255.10 million, a P/E ratio of 1.76 and a beta of 1.60.

Xinyuan Real Estate (NYSE:XIN) last released its earnings results on Friday, August 16th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. Xinyuan Real Estate had a return on equity of 18.92% and a net margin of 4.41%. The firm had revenue of $609.44 million during the quarter.

About Xinyuan Real Estate

Xinyuan Real Estate Co, Ltd., through its subsidiaries, develops residential real estate properties for middle income consumers in the People's Republic of China and the United States. It develops residential projects, such as multi-layer apartment buildings, sub-high-rise apartment buildings, or high-rise apartment buildings; auxiliary services and amenities, such as retail outlets, leisure and health facilities, kindergartens, and schools; and small scale residential properties, as well as office, mixed-use, and commercial properties.

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