Uxin Limited (NASDAQ:UXIN) Experiences Notable Drop in Short Interest

Uxin Limited (NASDAQ:UXIN) has reported a substantial reduction in short interest during December. On December 15, the short interest stood at 441,700 shares, reflecting a decrease of 14.8% from the previous month's total of 518,200 shares recorded on November 30. Currently, only about 0.2% of the company's shares are sold short. Given the average trading volume of 1,640,000 shares, the short-interest ratio is now at 0.3 days.

Uxin Sees a 4.9% Increase in Share Prices

On Friday, shares of NASDAQ UXIN increased by $0.22, reaching a price of $4.68. A total of 68,223 shares were traded, which is significantly lower than the average trading volume of 543,591 shares. Uxin Limited's 50-day moving average is approximately $4.50, while the 200-day moving average is about $3.20. The stock has recorded a fifty-two week low of $1.41 and a high of $8.00. Uxin carries a market capitalization of $878.98 million, a price-to-earnings (PE) ratio of -0.23, and a beta value of 1.37.

Overview of Uxin Limited

Uxin Limited is an investment holding company primarily involved in the retail sale of vehicles within China. The company operates an online platform dedicated to the buying and selling of used cars. In addition to this, Uxin provides a range of related services including used-car acquisition, inspection, reconditioning, warehousing, pre-sales and after-sales solutions, as well as warranty and repair services, vehicle delivery, title transfers, and registration services.

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This article aims to provide informative financial insights based on data analysis without affiliations to any financial publication.

Should You Invest in Uxin? A Cautionary Note

Before making any investment decisions involving Uxin, consider that market analysts are currently cautious. While Uxin holds a "Hold" rating among analysts, there are other stocks that top analysts are recommending more enthusiastically. It is essential to stay informed about the best investment options available.

For more insights on promising stocks to buy, follow up on analyses readily available online.

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