Dunxin Financial Holdings Limited (NYSEAMERICAN:DXF – Get Rating) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 313,800 shares, a decline of 38.2% from the March 15th total of 508,100 shares. Based on an average trading volume of 267,100 shares, the days-to-cover ratio is presently 1.2 days.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley acquired a new stake in Dunxin Financial during the second quarter valued at approximately $45,000. Citadel Advisors LLC acquired a new stake in Dunxin Financial during the fourth quarter valued at approximately $31,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Dunxin Financial during the third quarter valued at approximately $47,000. Hedge funds and other institutional investors own 1.72% of the company’s stock.
Shares of NYSEAMERICAN:DXF traded down $0.02 during trading on Friday, hitting $0.56. The company’s stock had a trading volume of 56,329 shares, compared to its average volume of 130,084. Dunxin Financial has a fifty-two week low of $0.44 and a fifty-two week high of $2.98.
Dunxin Financial Holdings Ltd. engages in the provision of loan facilities to micro, small and medium size enterprises, and sole proprietors. It also offers microfinance lending services. The company was founded by Qi Ming Xu and Kang Kai Zeng on June 24, 2010 and is headquartered in Wuhan City, China.
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