Xinyuan Real Estate Co., Ltd. (NYSE:XIN) was the target of a significant increase in short interest in November. As of November 29th, there was short interest totalling 196,100 shares, an increase of 13.7% from the November 14th total of 172,500 shares. Based on an average daily volume of 132,100 shares, the short-interest ratio is presently 1.5 days. Currently, 0.3% of the company’s stock are short sold.
A number of institutional investors have recently added to or reduced their stakes in XIN. Connor Clark & Lunn Investment Management Ltd. grew its position in Xinyuan Real Estate by 65.5% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 78,425 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 31,025 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Xinyuan Real Estate by 103.0% in the 2nd quarter. Acadian Asset Management LLC now owns 582,074 shares of the financial services provider’s stock valued at $2,435,000 after acquiring an additional 295,315 shares during the period. Mackenzie Financial Corp grew its position in shares of Xinyuan Real Estate by 31.0% in the 2nd quarter. Mackenzie Financial Corp now owns 90,900 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 21,500 shares during the period. Finally, Millennium Management LLC grew its position in shares of Xinyuan Real Estate by 12.3% in the 3rd quarter. Millennium Management LLC now owns 95,306 shares of the financial services provider’s stock valued at $386,000 after acquiring an additional 10,445 shares during the period. 6.44% of the stock is owned by institutional investors and hedge funds.
Xinyuan Real Estate stock opened at $3.85 on Friday. The company has a market cap of $243.51 million, a P/E ratio of 1.88 and a beta of 1.60. Xinyuan Real Estate has a 1-year low of $3.59 and a 1-year high of $5.10. The company has a fifty day simple moving average of $3.88 and a 200 day simple moving average of $4.13. The company has a current ratio of 0.94, a quick ratio of 1.46 and a debt-to-equity ratio of 4.50.
Xinyuan Real Estate (NYSE:XIN) last released its earnings results on Friday, December 6th. The financial services provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.31). The business had revenue of $497.64 million during the quarter. Xinyuan Real Estate had a net margin of 3.97% and a return on equity of 16.45%. During the same period in the prior year, the business posted $0.36 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Wednesday, December 18th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend is Tuesday, December 17th.
About Xinyuan Real Estate
Xinyuan Real Estate Co, Ltd., through its subsidiaries, develops residential real estate properties for middle income consumers in the People's Republic of China and the United States. It develops residential projects, such as multi-layer apartment buildings, sub-high-rise apartment buildings, or high-rise apartment buildings; auxiliary services and amenities, such as retail outlets, leisure and health facilities, kindergartens, and schools; and small scale residential properties, as well as office, mixed-use, and commercial properties.
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