China Automotive Systems, Inc. (NASDAQ:CAAS) Sees Large Increase in Short Interest

China Automotive Systems, Inc. (NASDAQ:CAAS) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 44,054 shares, an increase of 88.4% from the December 31st total of 23,381 shares. Based on an average daily trading volume, of 33,821 shares, the short-interest ratio is presently 1.3 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 33,821 shares, the short-interest ratio is presently 1.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of China Automotive Systems in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

China Automotive Systems Price Performance

China Automotive Systems stock traded down $0.11 during mid-day trading on Friday, reaching $4.43. 24,444 shares of the company traded hands, compared to its average volume of 23,872. The firm’s fifty day moving average is $4.37 and its two-hundred day moving average is $4.34. The company has a market capitalization of $133.65 million, a price-to-earnings ratio of 3.99 and a beta of 0.96. China Automotive Systems has a fifty-two week low of $3.50 and a fifty-two week high of $5.37.

China Automotive Systems (NASDAQ:CAAS) last announced its quarterly earnings data on Wednesday, November 12th. The auto parts company reported $0.32 earnings per share for the quarter. China Automotive Systems had a net margin of 4.62% and a return on equity of 8.38%.

Institutional Investors Weigh In On China Automotive Systems

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in China Automotive Systems in the 3rd quarter worth approximately $86,000. Citadel Advisors LLC acquired a new stake in China Automotive Systems during the 3rd quarter worth about $213,000. Empowered Funds LLC raised its stake in shares of China Automotive Systems by 8.6% during the 1st quarter. Empowered Funds LLC now owns 156,258 shares of the auto parts company’s stock valued at $691,000 after buying an additional 12,402 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of China Automotive Systems by 2.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 301,155 shares of the auto parts company’s stock valued at $1,229,000 after buying an additional 8,547 shares during the period. Institutional investors and hedge funds own 5.17% of the company’s stock.

About China Automotive Systems

China Automotive Systems, Inc (NASDAQ: CAAS) is a leading designer, manufacturer and marketer of power steering systems and related components primarily for the automotive industry in China. The company’s core business centers on hydraulic and electric power steering products, steering columns, steering gearboxes and electronic control units. By integrating research and development, manufacturing and sales, China Automotive Systems aims to deliver high-quality steering solutions that meet the performance and safety requirements of global automakers.

The company’s product portfolio includes traditional hydraulic power steering systems, which have long been favored for their reliability, as well as advanced electric power steering units that offer improved fuel efficiency and enhanced vehicle control.