Short Interest in Uxin Ltd (NASDAQ:UXIN) Increases By 5.8%

Uxin Ltd (NASDAQ:UXIN) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 10,906,600 shares, a growth of 5.8% from the May 15th total of 10,309,500 shares. Approximately 4.7% of the company’s stock are short sold. Based on an average daily volume of 4,930,000 shares, the days-to-cover ratio is currently 2.2 days.

A number of institutional investors and hedge funds have recently bought and sold shares of UXIN. BlackRock Inc. raised its holdings in Uxin by 78.4% in the fourth quarter. BlackRock Inc. now owns 129,527 shares of the company’s stock valued at $630,000 after acquiring an additional 56,926 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of Uxin during the fourth quarter worth about $87,000. Hsbc Holdings PLC bought a new position in shares of Uxin during the fourth quarter worth about $68,000. Baillie Gifford & Co. grew its position in shares of Uxin by 402.6% during the fourth quarter. Baillie Gifford & Co. now owns 1,248,400 shares of the company’s stock worth $6,067,000 after acquiring an additional 1,000,000 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Uxin during the fourth quarter worth about $72,000. 32.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ UXIN traded up $0.02 during mid-day trading on Friday, reaching $2.40. The company had a trading volume of 760,722 shares, compared to its average volume of 2,119,010. Uxin has a 52-week low of $1.41 and a 52-week high of $9.87. The stock has a market cap of $701.74 million and a PE ratio of -0.71. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.30. The stock has a 50 day simple moving average of $2.21.

Uxin (NASDAQ:UXIN) last announced its quarterly earnings data on Monday, June 10th. The company reported ($0.78) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.59). The company had revenue of $1 billion during the quarter. Uxin had a negative net margin of 26.17% and a negative return on equity of 97.42%. The firm’s revenue was up 54.6% on a year-over-year basis. Research analysts predict that Uxin will post -0.24 earnings per share for the current fiscal year.

A number of analysts have recently commented on UXIN shares. ValuEngine cut shares of Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Zacks Investment Research raised shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Friday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Uxin presently has an average rating of “Buy” and a consensus target price of $6.94.

About Uxin

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.

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