Uxin Limited (NASDAQ:UXIN) Short Interest Down 35.4% in March

Uxin Limited (NASDAQ:UXIN) was the target of a large drop in short interest in 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 trading volume of 61,700 shares, the days-to-cover ratio is presently 3.9 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Uxin

A hedge fund recently bought a new stake in Uxin stock. Advisors Preferred LLC bought a new position in Uxin Limited (NASDAQ:UXIN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,748 shares of the company’s stock, valued at approximately $27,000. 22.41% of the stock is owned by institutional investors.

Uxin Stock Down 5.0 %

Shares of NASDAQ UXIN opened at $4.00 on Friday. The stock’s fifty day simple moving average is $4.35 and its 200 day simple moving average is $4.37. The stock has a market capitalization of $751.26 million, a price-to-earnings ratio of -0.20 and a beta of 1.20. Uxin has a 52-week low of $1.41 and a 52-week high of $7.84.

About Uxin

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.