The Next Few Weeks Are A Good Time To Consider Dunxin Financial Holdings Limited. ADR (DXF)

Dunxin Financial Holdings Limited. ADR (AMEX:DXF) price on Thursday, March 28, fall -2.64% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.30.

A look at the stock’s price movement, the close in the last trading session was $0.31. The beta value (5-Year monthly) was 1.11. Turning to its 52-week performance, $9.00 and $0.24 were the 52-week high and 52-week low respectively. Overall, DXF moved -9.45% over the past month.

Dunxin Financial Holdings Limited. ADR’s market cap currently stands at around $0.72 million.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that DXF is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

DXF’s current price about -10.54% and -11.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.01, while 7-day volatility ratio is 6.79% and 7.38% in the 30-day chart. Further, Dunxin Financial Holdings Limited. ADR (DXF) has a beta value of 1.11, and an average true range (ATR) of 0.04.

If we refocus on Dunxin Financial Holdings Limited. ADR (AMEX:DXF), historical trading data shows that trading volumes averaged 0.12 million over the past 10 days and 1.17 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.38 million shares.

Also important is the data on short interest which shows that short shares stood at 67790.0 on Mar 15, 2024, giving us a short ratio of 0.02. The data shows that as of Mar 15, 2024 short interest in Dunxin Financial Holdings Limited. ADR (DXF) stood at 1.71% of shares outstanding, with shares short falling to 89540.0 registered in Feb 15, 2024. Current price change has pushed the stock -22.79% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DXF stock continues to rise going into the next quarter.

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