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

Uxin Limited (NASDAQ:UXIN) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 641,400 shares, a decrease of 33.4% from the September 30th total of 963,700 shares. Based on an average daily volume of 1,820,000 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are short sold.

Uxin Stock Up 8.1 %

UXIN stock traded up $0.34 during mid-day trading on Monday, hitting $4.52. 119,363 shares of the company were exchanged, compared to its average volume of 616,870. The business has a fifty day simple moving average of $3.36 and a 200-day simple moving average of $2.52. The firm has a market capitalization of $20.66 million, a P/E ratio of -0.15 and a beta of 1.32. Uxin has a 12-month low of $1.41 and a 12-month high of $13.40.

Uxin (NASDAQ:UXIN) last announced its earnings results on Monday, September 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter. Uxin had a negative net margin of 40.91% and a negative return on equity of 173.92%. The firm had revenue of $55.21 million during the quarter.

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.