Time to Reconsider BRILLIANCE CHINA AUTOMOTIVE ORDINARY SHA (OTCMKTS:BCAUF) After More Short Sellers?

May 17, 2018 - By Jeanette Kaplan

Brilliance China Automotive Holdings Ltd. (OTCMKTS:BCAUF) Logo

The stock of BRILLIANCE CHINA AUTOMOTIVE ORDINARY SHA (OTCMKTS:BCAUF) registered an increase of 14.52% in short interest. BCAUF’s total short interest was 29.94 million shares in May as published by FINRA. Its up 14.52% from 26.15 million shares, reported previously. With 18,900 shares average volume, it will take short sellers 1584 days to cover their BCAUF’s short positions.

It closed at $1.765 lastly. It is down 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Brilliance China Automotive Holdings Limited, an investment holding company, makes and sells minibuses and automotive components in the PeopleÂ’s Republic of China. The company has market cap of $8.89 billion. The firm offers its minibuses under the JinBei and Granse brands. It has a 17.48 P/E ratio. It also provides automotive parts and components, including mouldings, seats, axles, safety and airbag systems, interior decoration items, and engines for minibuses, sedans, SUVs, light duty trucks, etc.

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