Uxin Ltd (UXIN) Short Interest Up 61.3% in July

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Uxin Ltd (NASDAQ:UXIN) saw a large growth in short interest in July. As of July 31st, there was short interest totalling 2,445,319 shares, a growth of 61.3% from the July 13th total of 1,515,693 shares. Based on an average daily trading volume, of 1,267,358 shares, the short-interest ratio is presently 1.9 days.

UXIN opened at $6.57 on Monday. Uxin has a one year low of $5.08 and a one year high of $10.49.

Several hedge funds and other institutional investors have recently modified their holdings of UXIN. BlackRock Inc. acquired a new position in shares of Uxin in the 2nd quarter worth $23,504,000. Legal & General Group Plc acquired a new position in shares of Uxin in the 2nd quarter worth $451,000. DCM Hybrid RMB Fund International Ltd. acquired a new position in shares of Uxin in the 2nd quarter worth $10,111,000. FMR LLC acquired a new position in shares of Uxin in the 2nd quarter worth $21,340,000. Finally, Federated Investors Inc. PA acquired a new position in shares of Uxin in the 2nd quarter worth $2,170,000.

A number of research firms have recently commented on UXIN. Morgan Stanley began coverage on Uxin in a research note on Monday, July 23rd. They issued an “overweight” rating on the stock. JPMorgan Chase & Co. began coverage on Uxin in a research note on Monday, July 30th. They issued a “neutral” rating and a $9.00 price objective on the stock.

Uxin Company Profile

Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions.

Further Reading: Outstanding Shares and The Effect on Share Price

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