China Automotive Systems, Inc. (NASDAQ:CAAS) Short Interest Update

China Automotive Systems, Inc. (NASDAQ:CAAS) was the target of a significant decline in short interest in 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 trading volume of 54,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of China Automotive Systems from a “strong-buy” rating to a “buy” rating in a report on Monday.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CAAS. JPMorgan Chase & Co. acquired a new position in China Automotive Systems in the 4th quarter valued at approximately $31,000. Zacks Investment Management acquired a new position in China Automotive Systems in the 2nd quarter valued at approximately $49,000. American Century Companies Inc. acquired a new position in China Automotive Systems in the 1st quarter valued at approximately $50,000. Tower Research Capital LLC TRC acquired a new position in China Automotive Systems in the 1st quarter valued at approximately $54,000. Finally, XTX Topco Ltd acquired a new position in shares of China Automotive Systems during the 1st quarter worth $63,000. Institutional investors and hedge funds own 5.98% of the company’s stock.

China Automotive Systems Stock Performance

China Automotive Systems stock opened at $3.35 on Tuesday. The firm has a market cap of $101.14 million, a PE ratio of 3.25 and a beta of 2.44. The firm’s 50 day moving average price is $3.33 and its two-hundred day moving average price is $3.46. China Automotive Systems has a twelve month low of $3.04 and a twelve month high of $6.09.

China Automotive Systems Company Profile

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.