China Automotive Systems, Inc. (NASDAQ:CAAS) Short Interest Down 9.9% in February

China Automotive Systems, Inc. (NASDAQ:CAASGet Free Report) was the recipient of a large decline in short interest during the month of February. As of February 29th, there was short interest totalling 8,200 shares, a decline of 9.9% from the February 14th total of 9,100 shares. Based on an average daily trading volume, of 54,300 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in shares of China Automotive Systems in the 4th quarter worth approximately $90,000. GSA Capital Partners LLP grew its position in China Automotive Systems by 34.8% during the 4th quarter. GSA Capital Partners LLP now owns 99,017 shares of the auto parts company’s stock worth $320,000 after purchasing an additional 25,570 shares during the last quarter. Bridgeway Capital Management LLC grew its position in China Automotive Systems by 4.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 257,659 shares of the auto parts company’s stock worth $832,000 after purchasing an additional 9,984 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in China Automotive Systems by 32.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,261 shares of the auto parts company’s stock worth $184,000 after purchasing an additional 11,655 shares during the last quarter. Finally, WINTON GROUP Ltd grew its position in China Automotive Systems by 78.9% during the 3rd quarter. WINTON GROUP Ltd now owns 43,600 shares of the auto parts company’s stock worth $170,000 after purchasing an additional 19,231 shares during the last quarter. Hedge funds and other institutional investors own 5.98% of the company’s stock.

China Automotive Systems Stock Up 3.7 %

Shares of China Automotive Systems stock opened at $3.40 on Friday. The firm’s 50 day moving average price is $3.32 and its 200-day moving average price is $3.47. China Automotive Systems has a 52-week low of $3.04 and a 52-week high of $6.37. The company has a market cap of $102.65 million, a P/E ratio of 3.30 and a beta of 2.44.

About China Automotive Systems

(Get Free Report)

China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China and internationally. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic and hydraulic power steering systems and parts.

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