Uxin Limited Experiences Notable Drop in Short Interest

Uxin Limited (NASDAQ:UXIN) experienced a significant decrease in short interest during December. As of December 15th, the total short interest stood at 441,700 shares, which is a reduction of 14.8% compared to the previous total of 518,200 shares reported on November 30th. Presently, only about 0.2% of the company's outstanding shares are engaged in short selling. Given the average trading volume of 1,640,000 shares, the current short-interest ratio is just 0.3 days.

Uxin Stock Performance

On Friday, shares of Uxin traded upward by 4.9%, increasing by $0.22 to reach a price of $4.68. During the day, 68,223 shares were exchanged, markedly lower than the average volume of 543,591 shares. The company's stock has a 50-day moving average of $4.50 and a 200-day moving average of $3.20. Uxin's share price fluctuated between a52-week low of $1.41 and a52-week high of $8.00, with the company currently holding a market capitalization of approximately $878.98 million. Its PE ratio is reported at -0.23, and the stock has a beta value of 1.37, indicating some volatility.

About Uxin Limited

Uxin Limited is an investment holding company that primarily focuses on the retail sale of vehicles in China. The company operates an e-commerce platform dedicated to the buying and selling of used cars. In addition to facilitating sales, Uxin provides services related to used-car acquisition, inspection, reconditioning, warehousing, pre-sales, after-sales, and a variety of car-related value-added services. These services include warranty and repair, delivery, as well as title transfers and vehicle registration assistance.

Investment Considerations

Before investing in Uxin Limited, it is essential to consider current market opinions. While Uxin is labeled with a "Hold" rating by analysts, there are several other stocks that top analysts recommend more highly. Research indicates that certain stocks are favored by experienced analysts for potential growth before the broader market takes notice.

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Uxin, Stocks, ShortInterest