The trading price of China Xiangtai Food Co., Ltd. (NASDAQ:PLIN) closed lower on Monday, Feb 22, closing at $1.38, 0% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.3100 and $1.4700. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $3.96 and a 52-week low of $0.62. Over the past month, the stock has gained 26.61% in value.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of China Xiangtai Food Co., Ltd. no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest PLIN has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
To see how China Xiangtai Food Co., Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: PLIN stock’s performance was 0% in the latest trading, and -55.05% in the past year, while Hormel Foods Corp (HRL) has traded +0.38% on the day and positioned +5.61% higher than it was a year ago. Another comparable company Tyson Foods (TSN) saw its stock close 1.24% higher in the most recent trading session but was down -12.17% in a year. Furthermore, Beyond Meat Inc (BYND) showed a decline of 0% on the day while its price kept declining at -55.05% over the past year. China Xiangtai Food Co., Ltd. has a P/E ratio of 0, compared to Hormel Foods Corp’s 29.15 and Tyson Foods’s 12.59. Also in last trading session, the S&P 500 Index has soared -0.77%, while the Dow Jones Industrial also saw a positive session, up +0.09% on the day.
An evaluation of the daily trading volume of China Xiangtai Food Co., Ltd. (NASDAQ:PLIN) indicates that the 3-month average is 1.87 Million. However, this figure has increased over the past 10 days to an average of 5.41 Million.
Currently, records show that 23.89 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 46.57% of outstanding shares, whereas institutions hold 0.64%. The stats also highlight that short interest as of January 28, 2021, stood at 95.81 Million shares, resulting in a short ratio of 0.07 at that time. From this, we can conclude that short interest is 0.33% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 582.17 Million. However, since the stock’s price has seen +44.65% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.