Shares are trading at $3.45 which is significantly higher than the 50 day moving average which is $2.71 and significantly higher than the 200 day moving average of $2.26. The 50 day moving average was up $0.74 whereas the 200 day moving average was up $1.18 or +52.214%. Trading was light with 844 shares changing hands by the end of trading on Tuesday. Overall, volume was down 93.62% under the stocks normal daily volume.
Short traders are more bullish on the company if you take a look at the fall in short interest. The stock experienced a fall in short interest of -80.67% as of September 29, 2017 from the last reporting period. Short shares decreased from 13,288 to 2,569 over that period. With short interest at 2,569 and short average daily volume at 6,488, the short-interest ratio is 0.0 and the percentage of shorted shares is 0.00% as of September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (ABAC). As of the end of the quarter Citadel Advisors LLC had acquired 9,756 shares growing its holdings by 45.8%. The value of the company’s investment in Aoxin Tianli Group, Inc. increased from $20,000 to $21,000 increasing 5.0% for the reporting period.
Aoxin Tianli Group, Inc., launched on November 9, 2009, is a holding company. The Company is involved in hog farming. The Company conducts its hog breeding operations through Wuhan Fengze Agricultural Science and Technology Development Co., Ltd. (Fengze), a subsidiary of Wuhan Aoxin Tianli Enterprise Investment Management Co., Ltd., its wholly foreign owned enterprise, or WFOE, and its subsidiaries, Hubei Tianzhili Breeder Hog Co., Ltd. (Tianzhili), and Hubei Tianzhili (Hefeng) Breeder Hog Co., Ltd (Hefeng). The Company operates in two segments: Hog Farming and Retail. It utilizes various purebred hogs at its farms. The primary purebred varieties that it utilizes are the Yorkshire, Landrace and Duroc. It breeds both purebred and cross-bred hogs in order to attain desirable traits in the hogs produced in its farms. It is involved in the sales of specialty processed black hog meat through the Internet. It sells its products under its Xiduhei trademark through over eight supermarkets in Wuhan City and over four direct sale outlets..