Leju Holdings Limited (NYSE:LEJU) Sees Significant Growth in Short Interest

Leju Holdings Limited (NYSE:LEJUGet Rating) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 58,500 shares, an increase of 119.1% from the April 15th total of 26,700 shares. Based on an average trading volume of 278,000 shares, the days-to-cover ratio is currently 0.2 days.

An institutional investor recently bought a new position in Leju stock. Envestnet Asset Management Inc. acquired a new stake in shares of Leju Holdings Limited (NYSE:LEJUGet Rating) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,816 shares of the financial services provider’s stock, valued at approximately $37,000. 57.69% of the stock is currently owned by hedge funds and other institutional investors.

Separately, StockNews.com started coverage on Leju in a research note on Friday. They issued a “buy” rating on the stock.

Shares of LEJU opened at $0.32 on Friday. Leju has a 52-week low of $0.28 and a 52-week high of $2.29. The business’s 50 day moving average price is $0.56 and its two-hundred day moving average price is $0.78.

Leju shares are scheduled to reverse split before the market opens on Friday, May 20th. The 1-10 reverse split was announced on Friday, May 20th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, May 20th.

Leju Company Profile (Get Rating)

Leju Holdings Limited, through its subsidiaries, provides online to offline (O2O) real estate services in the People's Republic of China. The company offers real estate e-commerce, online advertising, and online listing services through its online platform, which comprises websites covering 391 cities and various mobile applications.

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