BingEx Limited (NASDAQ:FLX) Short Interest Up 44.0% in February

BingEx Limited (NASDAQ:FLX) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 116,710 shares, an increase of 44.0% from the February 12th total of 81,060 shares. Based on an average trading volume of 157,278 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 157,278 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On BingEx

Several institutional investors have recently bought and sold shares of FLX. Susquehanna International Group LLP increased its position in BingEx by 400.0% in the third quarter. Susquehanna International Group LLP now owns 6,495,883 shares of the company’s stock worth $20,852,000 after buying an additional 5,196,683 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of BingEx by 318.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 71,439 shares of the company’s stock valued at $227,000 after buying an additional 54,363 shares during the last quarter. Citadel Advisors LLC grew its stake in shares of BingEx by 82.6% during the 3rd quarter. Citadel Advisors LLC now owns 111,004 shares of the company’s stock worth $355,000 after acquiring an additional 50,198 shares during the period. Marshall Wace LLP purchased a new stake in BingEx in the 4th quarter worth about $157,000. Finally, Jane Street Group LLC purchased a new stake in BingEx in the 2nd quarter worth about $40,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FLX shares. Weiss Ratings restated a “sell (d-)” rating on shares of BingEx in a report on Monday, December 29th. Wall Street Zen cut shares of BingEx from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, BingEx presently has a consensus rating of “Hold” and a consensus price target of $4.70.

BingEx Stock Performance

NASDAQ FLX opened at $2.26 on Monday. The company has a market capitalization of $126.42 million, a PE ratio of -226.00 and a beta of 1.04. BingEx has a 52-week low of $2.01 and a 52-week high of $8.48. The company has a 50-day simple moving average of $2.92 and a 200 day simple moving average of $3.16.

About BingEx

BingEx Limited, through its subsidiaries, provides on-demand courier services under the FlashEx brand name in the People’s Republic of China. The company offers Flash-Riders as service providers. It serves individual and business customers, including local retailers, restaurants, and logistics players through its mobile platform and website. The company was incorporated in 2014 and is headquartered in Beijing, the People’s Republic of China.