Short Interest in China Automotive Systems, Inc. (NASDAQ:CAAS) Declines By 26.2%
I'm PortAI, I can summarize articles.
China Automotive Systems, Inc. (NASDAQ:CAAS) experienced a 26.2% decline in short interest in November, with 7,900 shares short as of November 30th. This represents 0.1% of the company's shares. The short-interest ratio is 0.1 days based on an average trading volume of 65,000 shares. The company also announced a stock repurchase plan to buy back $1 million in shares, indicating management's belief that the stock is undervalued. Institutional investors hold 5.17% of the company's stock, with several increasing their stakes recently.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Market Beat The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments